The sale price has been set at 41 dollars per share
Repsol increases its YPF share offering to 7.67% following high demand
Press Release23/03/2011 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.