{"title":"被征收公司的估值:以阿根廷YPF和雷普索尔为例","authors":"Pablo Fernández","doi":"10.2139/SSRN.2176728","DOIUrl":null,"url":null,"abstract":"On April 16, 2012 the Argentine federal government decreed the intervention of YPF. The share price of YPF fell 29% the next day. Two weeks later (May 3), the Argentine Parliament approved the expropriation of 51% of the YPF shares owned by Repsol. Repsol had a 57.4% stake in YPF. YPF was the second largest company in Argentina. In 2011, sales were $13.17 billion and dividends $1.29 billion.","PeriodicalId":205918,"journal":{"name":"Law Educator: Courses","volume":"41 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Valuation of an Expropriated Company: The Case of YPF and Repsol in Argentina\",\"authors\":\"Pablo Fernández\",\"doi\":\"10.2139/SSRN.2176728\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"On April 16, 2012 the Argentine federal government decreed the intervention of YPF. The share price of YPF fell 29% the next day. Two weeks later (May 3), the Argentine Parliament approved the expropriation of 51% of the YPF shares owned by Repsol. Repsol had a 57.4% stake in YPF. YPF was the second largest company in Argentina. In 2011, sales were $13.17 billion and dividends $1.29 billion.\",\"PeriodicalId\":205918,\"journal\":{\"name\":\"Law Educator: Courses\",\"volume\":\"41 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-11-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Law Educator: Courses\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/SSRN.2176728\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Law Educator: Courses","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2176728","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Valuation of an Expropriated Company: The Case of YPF and Repsol in Argentina
On April 16, 2012 the Argentine federal government decreed the intervention of YPF. The share price of YPF fell 29% the next day. Two weeks later (May 3), the Argentine Parliament approved the expropriation of 51% of the YPF shares owned by Repsol. Repsol had a 57.4% stake in YPF. YPF was the second largest company in Argentina. In 2011, sales were $13.17 billion and dividends $1.29 billion.