Slim buys stake in nationalised YPF

The Financial Times, 6/15/2012

Carlos Slim

The family of Mexican tycoon Carlos Slim has bought an 8.4 per cent stake in newly nationalised Argentine oil company YPF, which last week said it was hunting for strategic partners.

Argentina nationalised 51 per cent of YPF last month, slashing Repsol’s holding to 6.43 per cent. It was unclear whether his family, which made the purchase via two companies he controls bought the shares on the open market or whether they used to belong to the Eskenazi family, former partner to Spain’s Repsol in YPF.

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