Reuters: Mergers News: Argentine Senate approves YPF nationalization bill

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Argentine Senate approves YPF nationalization bill Apr 26th 2012, 04:21 BUENOS AIRES, April 26 | Thu Apr 26, 2012 12:21am EDT BUENOS AIRES, April 26 (Reuters) - Argentina's Senate on Thursday approved a government bill to nationalize the country's biggest oil company, YPF, clearing the way for likely approval by the lower house next week. President Cristina Fernandez, a popular second-term leader who controls both houses of Congress, unveiled plans last week to seize 51 percent stake in YPF from Spain's Repsol . The government says the parent company under-invested and under-produced in Argentina, a charge that Repsol dismisses.

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