YPF takeover puts Sinopec deal on ice

Intervention: Argentine President Cristina Fernandez’s announcement to nationalise YPF has reportedly sunk Sinopec’s planned takeover of Repsol’s 57% stake in the company

Argentina's move to nationalise Repsol-controlled company YPF has scuppered years of planning by China's Sinopec to buy the South American company, according to reports.

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