Argentina’s YPF Rises 5.5% at Start of Trading in Buenos Aires

Shares in YPF SA (YPFD), Argentina’s biggest energy company, jumped 5.5 percent at the start of trading in Buenos Aires.

Shares climbed to 145 pesos after Cabinet Chief Juan Manuel Abal Medina said that the government wasn’t planning a takeover of the company. Abal Medina later retracted those statements in an interview with state-run news agency Telam.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: Bill Faries at wfaries@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.