Shares of oil Repsol topped the FTSE falls on the first leg of the session (-2%) to the information published in the press pointing Argentina the risk that the government nationalize leading Cristina Fernandez YPF in the context of the inquiries undertaken to determine a possible cartel in fuel prices in Argentina.
Specifically, shares of Repsol traded at 21.07 euros at 11.30, after reaching a maximum of 21.2 euros and 20.7 euros at least. Biggest drop was recorded Monday YPF titles on the Stock Exchange of Buenos Aires, where he closed with a decline of 10.63%.
The National Commission for Protection of Competition (CNDC) in Argentina has begun on Tuesday a monitoring and control in different petrol stations YPF Oil Company, Shell, Esso, Petrobras and Oil Fuels, in order to determine if they are selling bulk diesel more expensive than the general public.
The Argentinean newspaper ‘Page 12′ reported last Sunday of the clash between government and oil companies exposed by the president of the nation in his last speech. Among the ways to explore the possibility of recovering it appears the company YPF, Repsol owned by 55% and Petersen Group with another 25.4%.
“The subsoil is of Argentines and is concession … So you can not return to the days of the viceroyalty, where they took everything and left nothing,” he said in this regard Cristina Fernandez de Kirchner during his public reappearance after sick leave.
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