Renationalization of YPF
…by YPF in the prior two years by its earnings per share in 2011, and arrived at US$10.5 billion for a 57% stake. Argentine Deputy Economy Minister Axel Kicillof rejected these demands, however, citing debts of nearly US$9 billion. The book value of YPF was US$4.4 billion at the end of 2011; its total market…