FT – Repsol: settle down

Repsol has been made an offer it cannot refuse. Argentina has put a $5bn settlement on the table in their dispute over YPF. The Spanish oil company will probably accept it in principle: its biggest shareholders – Caixabank and Pemex of Mexico – are pressing it to do so. Fair enough: the alternative is years of legal battles with a country that has no money. In return, Repsol’s investors must back chief executive Antonio Brufau’s post-YPF strategy. (Read more… http://www.ft.com/intl/cms/s/3/16b5af50-5775-11e3-b615-00144feabdc0.html#axzz2lnEFsoJx)


(English, Article, 2013)

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