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Banker eyes YPF deal timeframe



By Upstream staff 

Argentine banking magnate Enrique Eskenazi said a deal which would see him take a 25% stake in Repsol's Argentina arms YPF could be completed next year.

Eskenazi told leading Argentine newspaper La Nacion that the deal would not be done as quickly as some Argentine government officials had said.

"If it's done, it will be next year. This is a long process," the paper quoted Eskenazi as saying.

According to press reports, Eskenazi would be willing to pay between $300 million and $500 million for YPF in a deal that would be partially financed by Citigroup, Goldman Sachs and UBS.

In June, Argentine Planning Minister Julio De Vido said a deal between Spain's Repsol and a company which he did not name could be struck by the end of July.

Repsol has said it also plans to list about 20% of YPF on the Buenos Aires Stock Exchange.

Repsol bought YPF for about $15 billion when it was privatised in 1999.


Thursday, 28 June, 2007, 13:12 GMT  | last updated: Thursday, 28 June, 2007, 13:12 GMT

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