Markets

Repsol says makes $622 million capital gain from YPF stake sale

Published May 7, 2014 Updated May 7, 2014 06:11am

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

MADRID: Spanish oil major Repsol said it will make a $622 million pretax capital gain from the sale of an 11.86 percent stake in Argentine energy group YPF to Morgan Stanley for $1.26 billion.

The shares were sold in the form of American Depositary Shares (ADS), the company said in a regulatory filing on Wednesday.

Following the sale, Repsol's remaining stake in YPF is under 0.5 percent, it said.

Read Comments