Argentina, or rather Cristina Kirchner has decided expropiation of shares REPSOL YPF owns. At least almost all, because Argentina will expropriate a 51% of YPF from the 57% REPSOL possessed.
But can we call this “expropriation”? Or is a simple THEFT?
Why the 51 % in the hands of REPSOL? Why not prorated between all shareholders?