Valuation of an Expropriated Company: The Case of YPF and Repsol in Argentina
14 Pages Posted: 17 Nov 2012 Last revised: 2 Jun 2019
Date Written: May 28, 2019
On April 16, 2012 the Argentine Federal Government decreed the intervention of YPF and expropriated of 51% of the YPF shares owned by Repsol. Repsol had a 57.4% stake. A tribunal will determine the compensation Repsol will receive for its YPF shares. You are required to help the tribunal. What is your best estimation of the compensation that Repsol should receive for its expropriated 51% of YPF shares? The case provides you with information and data to answer that question: transactions of YPF shares, analyst valuations of YPF, share price in the NYSE.
La versión española de este artículo se puede encontrar en: http://ssrn.com/abstract=2183603.
Keywords: valuation, expropriation, Argentina, YPF, Repsol
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation