23 March 2011 - 00:00 CET | PDF | 29.83 KB
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The sale price has been set at 41 dollars per share
Repsol increases its YPF share offering to 7.67% following high demand
Press Release
23/03/2011 18:37
- Repsol has sold 26,215,000 YPF shares for $41 each and has granted an option to the underwriters for a further 3.93 million shares.
- Due to the high demand for stock, the company has increased the amount sold by more than two million shares.
- The success of the share sale highlights investor confidence in YPF’s potential and its management team.
- Since November, Repsol has placed 15% of YPF's capital amongst institutional and private investors.
- This transaction is part of the strategic goal laid out in the Horizon 2014 plan to partially divest its stake in YPF to rebalance its asset portfolio.