U.S. judge orders Argentina to pay $16 billion for expropriation of YPF oil company

  • 📰 AP
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

A U.S. judge ruled that Argentina must pay $16.1 billion to minority shareholders of state-controlled oil company YPF due to the government’s 2012 nationalization of a majority stake in the firm.

A week earlier, Preska had made clear it was siding with the plaintiffs in the long-running dispute. Burford Capital, which funded much of the litigation, had said after last week’s ruling that it represented “a complete win against Argentina.”

Congress passed a law expropriating 51% of the shares of YPF from then-majority shareholder Repsol, a Spanish firm. Repsol ultimately received compensation worth some $5 billion. YPF is listed on the New York Stock Exchange, so the plaintiffs were able to file their suit in U.S. court.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 728. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares