Milei Sends Scaled-Back Reform Bill to Argentina's Governors [BNN Bloomberg (Canada)]
YPF Sociedad Anonima (YPF)
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US:NYSE Investor Relations:
ypf.com/enu/inversoresaccionistas
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Source: BNN Bloomberg
The so-called omnibus bill — now containing 269 articles, less than half than the original version — excludes the privatization of state-run energy giant YPF SA while maintaining the privatization of airline Aerolineas Argentinas SA. The bill, a copy of which was seen by Bloomberg on Thursday, also includes a new formula for calculating pension payments that make up a major portion of government spending and often hit a social nerve in Argentina. The new version illustrates Milei's revised negotiating tactic, seeking to build support among Argentina's governors this time instead of rushing it through congress without listening to their input. In exchange, his government is offering “fiscal relief” to provinces badly in need of federal funding to shore up provincial coffers that pay state workers' salaries and bondholders. Milei's first attempt at passing the omnibus legislation stalled after the lower house of congress initially approved it in a general vote, but then a week late
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News
- Milei Wins Key Lower House Support for Argentina's Reforms [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Milei Wins Key Lower House Support for Argentina's Reforms [BNN Bloomberg (Canada)]BNN Bloomberg
- Why YPF Sociedad Anonima (YPF) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- YPF Sociedad Anonima (YPF) Recently Broke Out Above the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- YPF SA reportsGlobeNewswire
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- 4/29/24 - Form 6-K
- YPF's page on the SEC website