April 19, 2012
Argentina Takeover Threatens Energy Boom
James O'Toole, CNN Money
(NEW YORK) CNNMoney -- Argentina's government announced a brazen takeover of the country's largest energy company this week, potentially quashing a domestic shale gas boom.
Argentine president Cristina Fernández de Kirchner said Monday that she was sending a bill to the country's legislature authorizing the seizure of a controlling stake in energy firm YPF (), the majority shareholder of which is Spain's Repsol ( ).
TAGGED: repsol, government takeover, oil industry, Cristina Kirchner, Argentina