Editing YPF (section)

===Repsol acquisition===
[[Madrid]]-based [[multinational corporation]] [[Repsol]] purchased 98% of YPF in 1999 in two stages: a 15% share sold by the national government for US$2 billion, and a further 83% for over US$13 billion including all remaining public sector shares (10%, equally divided between the nation and the provinces) as well as most of the outstanding investor shares.<ref name=cre/> The union of the two companies took on the name Repsol YPF; YPF would represent 40% of the new firm's reserves and over 50% of its production.<ref name=el>{{cite web|url=http://www.elperiodico.com/es/noticias/economia/ypf-representa-cerca-mitad-produccion-las-reservas-repsol-1669581|title=''YPF representa cerca de la mitad de la producción y de las reservas de Repsol'' |work=El Periódico|date=16 April 2012|access-date=20 April 2012|language=es}}</ref>

The Petersen Group (property of the Eskenazi family of Buenos Aires) entered into a partnership with Repsol in 2007 by acquiring a 15% stake in YPF; the group bought another 10% of the company for US$1.3 billion on 4 May 2011. A majority of the firm's shares (58%) remained under the control of Repsol, while 16% remained in private portfolios; the Argentine Government retained the golden share.<ref>{{cite web|url=http://www.infobae.com/notas/579573-El-Grupo-Petersen-ejercio-la-opcion-y-aumento-10-su-participacion-en-YPF.html|title=El Grupo Petersen ejerció la opción y aumentó 10% su participación en YPF|work=InfoBae|date=4 May 2011|access-date=20 April 2012|language=es}}</ref> In 2014, Repsol exited the Argentine market, giving up its stake in YPF.<ref>{{Cite news|date=2014-05-23|title=Spanish oil company Repsol ends operations in Argentina|language=en-GB|work=BBC News|url=https://www.bbc.com/news/world-latin-america-27549309|access-date=2021-10-18}}</ref>