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Repsol's next steps after YPF compensation deal

The two companies have reached a compensation deal over the nationalisation of YPF

Repsol has wasted little time cutting its ties with Argentina after the two sides reached a compensation deal over the nationalisation of the Spanish company's majority stake in YPF.  In March, Repsol agreed to a deal that saw it receive $5 billion in Argentine bonds as compensation for the nationalisation of its 51% stake in YPF. Late last week, the company said that it had sold those bonds and its remaining stake in YPF, bringing in a total of $6.31bn in cash. The deal brings the acrimonious YPF affair to a much swifter conclusion than most analysts thought possible. Many warned that it could take many years for Repsol to see any compensation, if it ever saw any at all.  The big quest

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