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Argentina Gets Temporary Reprieve on Transfer of YPF Shares
August 18, 2025
Argentina’s request to suspend the transfer of 51% of YPF shares to minority shareholders during the appeal process of the previous ruling was granted by the New York court. The decision, welcomed by President Javier Milei’s government, allows Argentina to retain its majority stake in YPF during the appeals process. Previously, the court had ordered Argentina to pay $16.1bn to minority shareholders affected by the oil firm’s 2012 nationalisation. The dispute stems from Argentina’s expropriation of YPF in 2012, which compensated Repsol but not minority investors Petersen Energía and Eton Park Capital. A US court had ruled against Argentina in 2023, with Judge Loretta Preska ordering the completion of share transfer within two weeks on 30 June 2025. The suspension does not alter the ongoing substantive appeal, the court order added.
Argentina’s 5% 2038s were trading stable at 68.3, yielding 7.94%.
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