Investors See Way for Milei to End Fight Over State Oil Company
A YPF storage terminal in Ushuaia, Argentina.
Photographer: Lujan Agusti/BloombergThere is a silver lining for Javier Milei in a multibillion-dollar US judgment targeting Argentina’s main oil producer: At least some investors see the libertarian leader as having a shot at finally putting an end to a long-running legal saga.
Milei, they sense, now has no choice but to negotiate a settlement over the future of state-run YPF SA with Burford Capital, a litigation firm representing minority shareholders affected by the nationalization of the company in 2012.