US Judge Orders Argentina to Sell 51% Stake in YPF
TL;DR Summary
Argentina was ordered by a US court to relinquish control of its majority stake in YPF within two weeks to satisfy a $16 billion judgment, a move that challenges President Milei's government and impacts the country's economy and bond prices. The ruling stems from a long-standing dispute over the 2012 nationalization of YPF, with Argentina planning to appeal. The case highlights ongoing legal and economic tensions involving Argentina's sovereignty and foreign investment.
- Argentina Must Turn Over Its 51% Stake in YPF, US Judge Rules Bloomberg.com
- In a blow to Milei, a US judge orders Argentina to turn over its majority stake in state oil company AP News
- US judge orders Argentina, facing $16.1 billion judgment, to give up YPF stake Reuters
- New York judge orders Argentina to give up 51% of oil company stock Courthouse News
- US judge orders Argentina to sell 51% stake in oil firm YPF The Sanford Herald
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