YPF Repsol Confirms Plans

Spanish-Argentine oil producer YPF Repsol has confirmed its plans to sell up to 45% of the Argentine unit, YPF, in a filing with the local stock exchange. Earlier this year the company said it was considering floating between 15% and 20% of its Argentine business on the local stock exchange, although it made clear that the company would “maintain a clear majority stake in YPF” and that the sale of its capital in the company, under optimal conditions, would be aimed at private investors.