Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina

On April 16, 2012 the Argentine federal government decreed the intervention of YPF. The share price of YPF fell 29% the next day. Two weeks later (May 3), the Argentine Parliament approved the expropriation of 51% of the YPF shares owned by Repsol. Repsol had a 57.4% stake in YPF. YPF was the second largest company in Argentina. In 2011, sales were $13.17 billion and dividends $1.29 billion.

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Year of publication:	2012-12-11
Authors:	Fernández, Pablo
Institutions:	IESE Business School, Universidad de Navarra
Subject:	Intervention \| shareholders \| expropiation \| valuation

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Extent:	text/html
Series:	IESE Research Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IESE Research Papers Number D/1055 22 pages
Source:	RePEc - Research Papers in Economics

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