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

To contact the editor responsible for this story: Bill Faries at

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