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Repsol sells 11.86 pct stake in YPF to Morgan Stanley & Co LLC

Wednesday, 7 May 2014 02:12am EDT 

Repsol SA:Sells 11.86 percent stake in YPF SA, represented by 46,648,538 ordinary class D shares, to Morgan Stanley & Co. LLC.Transaction value $1,255,312,157.58.Shares sold in form of American Depositary Shares (ADS).Operation to generate pre-tax gain of $622,000,000.After sale, Repsol to hold less than 0.5 percent stake in YPF. 

Company Quote

-0.42 -1.28%
22 Oct 2014