Renationalization of YPF Renationalization of YPF President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization of YPF, the nation's largest energy firm. The state would purchase a 51% share, with the national government controlling 51% of this package and ten provincial governments receiving the remaining 49%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay $5 billion in compensation to Repsol, which had previously owned YPF. YPF was founded in 1922 as the first oil company
Cristina Fernández de Kirchner incoming one. Cristina Kirchner faced several charges in court after leaving office. One of those concerned the sale of dollar futures at very low prices near the end of her term of office. This became a problem during Macri's presidency. The operation was carried out by the Central Bank, but judge Claudio Bonadio believes Kirchner is the instigator. Kirchner is also being investigated for her role in "The Route of the K-Money" scandal. About US$1 million of her assets was frozen while Bonadio investigated the case. She took advantage of the hearing to organize her first political rally since leaving