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After the advance of Kirchnerism in YPF, the company's shares fall

2021-01-20T16:19:33.309Z

They fall about 3%. It is for the replacement of the president of the company, Guillermo Nielsen, by the former deputy governor of Santa Cruz, Pablo González.



01/20/2021 12:12

  • Clarín.com

  • Economy

Updated 01/20/2021 12:12 PM

YPF shares fall this Wednesday in Buenos Aires and New York.

The new removal of the company's papers occurs after the news spread that Kirchnerism is advancing on the control of the company, with the displacement of the president, Guillermo Nielsen, and his replacement by the former deputy governor of Santa Cruz, Pablo González.

In the Buenos Aires stock market, the shares of the oil company

fell 3.7%

this morning and are infecting the central panel, which is beginning to turn red.

The Merval yields 0.5%.

in Buenos Aires, the YPF share

lost 15% of its value

in the twenty days that elapsed in January.

In New York it doesn't do much better.

The ADR of the oil company

falls 2.3% and accumulates a red of 17% in the year.

YPF is

restructuring its debt of US $ 6.3 billion,

amid a negative reaction from creditors.

The company is with minimal investment levels, after scoring two quarters with numbers in red.

Nielsen would be about to present his resignation in the next few hours, according to official sources and the oil market, although YPF has not yet officially confirmed it.

Nielsen, who actively collaborated in Alberto Fernández's campaign, came to the oil company by decision of the president.

In recent days, the former Finance Secretary of Néstor Kirchner had strong clashes with the president of the Central Bank, Miguel Pesce, due to differences in how to face YPF's debt restructuring.

La Cámpora, who stomped on the second lines of the oil company, never saw Nielsen favorably, and the current head of YPF would lack support within the government coalition to sustain himself in office.

2020 was all downhill for the company.

The share fell to historic lows and the oil company had to put its corporate tower in Puerto Madero up for sale, with which it

dreams of making 400 million dollars.


AQ

Look also

From Santa Cruz and kidney K, he will take the reins of the largest oil company in the country

Trial in New York for the nationalization of YPF: the Eskenazi declaration is postponed

Source: clarin

All business articles on 2021-01-20

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