about 12 years ago
Repsol of Spain has sold to Morgan Stanley & Co. 11.86% of the share capital of YPF for $1.26 billion, the company said in a statement on Wednesday. The transaction will generate estimated capital gains before taxes of 622 million dollars, according to the statement. Following the sale, Repsol will
Repsol of Spain has sold to Morgan Stanley & Co. 11.86% of the share capital of YPF for $1.26 billion, the company said in a statement on Wednesday.
The transaction will generate estimated capital gains before taxes of 622 million dollars, according to the statement.
Following the sale, Repsol will continue to own Class D Shares, including American Depositary Shares representing Class D Shares, amounting to less than 0.5% of the outstanding capital, Repsol added.
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