BUENOS AIRES, Nov 20 (Reuters) – New York-traded shares in Argentine state-run oil company YPF soared more than 40% on Monday after President-elect Javier Milei said he would seek to privatize the firm. The libertarian economist, who defeated Economy Minister Sergio Massa to win the presidential election on Sunday, said YPF was one of several state-controlled companies he plans to sell in order to reduce the state’s share in the market and improve public accounts. Milei, who will take office on Dec. 10, said in a radio interview he expects his government to “create value” for the companies “so they can be sold in a very beneficial way for Argentines”. The South American country nationalized 51% of the oil company…
Published Date: 2023-11-20
Source: Market Screener
Categories: Business, Energy, Oil and Gas, Food and Related Products, Fats and Oils, Society, Issues, Economic, Activism, Cacerolazo
