Kirchner Signs YPF Takeover, Names CEO

Argentina’s President Cristina Kirchner has signed the bill to o expropriate 51% of YPF’s stock from its majority shareholder, Spain’s Repsol YPF, after the legislation was approved in congress, her office says. Miguel Galuccio, a former YPF official most recently at US oil services company Schlumberger, has been named as CEO.