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Repsol offload YPF Stakes & LAmerica – on target drop from 80% to 51% by 2014

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    basil parmesan
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    Here is news item on Repsol offloading some of its YPF stakes & LAmerican involvement – which is on-target for stated goals to drop from 80% ownership in YPF down to 51% by 2014 (now expected to be at 55% by end 2011!).
     
    Reposl also sold last week its 30% stake in Petrobras REFAP coking refinery in Brazil with transaction value of ~$750 MM.
     
    See News article:
    Repsol to Offload YPF Stake
    Dec 28, 2010, Zacks –  Repsol announced the disposal of 3.3% of its Argentine unit, YPF, to Capital and Eton Park investment funds in private transactions worth $500 million.
     

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