Valoracion de una expropiacion: YPF y Repsol en Argentina (Valuation of an Expropriated Company: The Case of YPF and Repsol in Argentina)

14 Pages Posted: 6 Dec 2012 Last revised: 16 Jan 2018

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Multiple version iconThere are 2 versions of this paper

Date Written: December 21, 2017

Abstract

The English version of this paper can be found at http://ssrn.com/abstract=2176728

Spanish Abstract: El 16 de abril de 2012, el Gobierno Argentino expropio a Repsol un 51% de las acciones de YPF que eran de su propiedad. Repsol tenía el 57,4% de las acciones de YPF. Un tribunal determinará la compensación que Repsol debe recibir por sus acciones de YPF expropiadas. El lector debe ayudar al tribunal: ¿cuántos dólares debería pagar el gobierno argentino a Repsol por la expropiación? El caso proporciona información y datos para responder a esta pregunta: precio en bolsa de YPF, precios objetivo de varios analistas, estatutos de YPF sobre el precio a pagar, transacciones anteriores de acciones de YPF...

English Abstract: 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.

Note: Downloadable document is in Spanish.

Keywords: valuation, expropriation, Argentina, YPF, Repsol

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo, Valoracion de una expropiacion: YPF y Repsol en Argentina (Valuation of an Expropriated Company: The Case of YPF and Repsol in Argentina) (December 21, 2017). IESE Business School Working Paper No. WP-1055-E. Available at SSRN: https://ssrn.com/abstract=2183603 or http://dx.doi.org/10.2139/ssrn.2183603

Pablo Fernandez (Contact Author)

University of Navarra - IESE Business School ( email )

Camino del Cerro del Aguila 3
28023 Madrid
Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)

HOME PAGE: http://web.iese.edu/PabloFernandez/

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