Deals
Repsol Required to Buy Eskenazi YPF Stake
This article is for subscribers only.
Spain’s Repsol YPF SA, whose YPF unit was nationalized by Argentina this week, agreed in 2008 to buy back the Eskenazi family’s shares in that oil company in the event that Repsol loses majority control.
The accord also calls on Repsol, under certain conditions, to take over loans the family used to buy YPF shares. Kristian Rix, a spokesman for Madrid-based Repsol, today said the agreement is “not applicable” in the context of expropriation. An Eskenazi holding company said it isn’t analyzing the sale or liquidation of its shares in YPF, in an e-mail to Bloomberg.