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Repsol partner says YPF to be listed in March-paper



09 October 2009 @ 10:50 am ET

MADRID - Spain's Repsol plans to list 20 percent of its Argentine unit YPF in March, 2010, daily ABC said on Friday, citing Repsol's local partner in YPF Enrique Eskenazi.

"If nothing unexpected happens and the financial markets continue to perform as they have done up to now, our plan is to list 20 percent of YPF in March next year," Eskenazi said in an interview with ABC.

Eskenazi, deputy chairman of YPF and head of Argentina's Petersen Group, holds 14.9 percent of YPF and has the option to buy a further 10 percent from Repsol before 2012.

Eskenazi said he is committed to buying the remaining 10 percent reserved for him and will take up the option in 2011.

A spokesman for Repsol, which has 84 percent of YPF, reiterated the Spanish oil and gas major will list YPF when market conditions are appropriate.

YPF has also attracted the interest of several potential buyers but no deal has yet been reached. (Reporting by Clara Vilar; Writing by Judy MacInnes; Editing by David Holmes)

Copyright 2009 Thomson Reuters. All rights reserved.

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