The expropriation of YPF “does not affect the growth capacity of any of Repsol’s businesses outside of Argentina,” an investor presentation Tuesday said.

 “This battle is not over yet,” Repsol chairman Antonio Brufau said at a news conference Tuesday. “We will fight this with everything we have.”

After rumours swirled for months, Fernandez de Kirchner on Monday signed an executive order giving 30-day temporary control of the company to the government.