Argentine Congress approves YPF nationalization

Reuters News
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Posted: May 03, 2012 8:39 PM
Argentine Congress approves YPF nationalization

BUENOS AIRES (Reuters) - Argentina's Congress on Thursday gave final approval to a measure nationalizing the country's biggest oil company, YPF, clearing the way for President Cristina Fernandez to sign the bill into law.

The lower house approved the takeover of YPF by a 207-32 vote. The Senate approved the bill last week.

(Reporting By Hugh Bronstein; Editing by John Mair)