The best thing that could happen to Repsol

By Alberto Valverde (http://www.capitalmadrid.com) in Madrid | In 1999, Alfonso Cortina, Repsol’s president sworn in by the grace of the then president José María Aznar, accorded the acquisition as a majority shareholder of Yacimientos Petrolíferos Fiscales (YPF) at a price that president of Argentina Carlos Menem took no time in accepting. The late Nestor Kirchner, married to Cristina Fernández de Kirchner, who is now Argentina’s president since succeeding her husband in…


Kirchner’s checkmate to Repsol threatens foreign investment in Argentina

By Tania Suárez, in Madrid | President Cristina Kirchner may have got her way as she finally decided to expropriate Repsol’s YPF unit. The Argentine government confirmed the nationalisation of a 51% stake in YPF, because by decree it considered the oil firm’s activities of ‘public interest’. Tuesday morning, the president of Repsol Antonio Brufau declared that this decision is “illegitimate and unjustifiable, an act preceded by a campaign of harassment, of…