Spain Sees Room for a Deal Between Repsol, Argentina on YPF
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The Spanish government sees space to negotiate terms for Repsol SA’s departure from Argentina, Foreign Affairs Minister Jose Manuel Garcia Margallo said. YPF SA stock soared.
“There is room for a negotiation,” Margallo said yesterday in statements before Spain’s Senate, according to Germany’s DPA news agency. “It must be done through a regulated procedure and paying a fair price.”