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Repsol Shareholders Criticize Brufau’s Handling of YPF Loss

Repsol YPF SA investors criticized Chairman Antonio Brufau over his handling of the company’s Argentine unit, whose expropriation wiped 14 billion euros ($17 billion) from the market value of Spain’s biggest oil producer.

Felipe Izquierdo, a shareholder, said Brufau was distracted from the situation in Argentina by a power struggle with Repsol’s biggest shareholder and missed a chance to repair relations with the government. Others endorsed Brufau’s management.