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
Mario Montoto has not been as friendly as his relationships with former Defense Ministers José Pampuro and Arturo Puricelli, and that, by the same token, he is not as close to Cristina Fernandez de Kirchner as he was to Menem and Nestor Kirchner. Montoto and Daniel Hadad founded Global View in March 2008 as a subsidiary of Comesur. It has provided video surveillance to several Argentine municipalities, including the city of Buenos Aires, Mar del Plata, La Plata, Tiger, Lomas de Zamora, and Rosario. In February 2012, the Japanese NEC Corporation bought 85% of Global View. Montoto retained 15% of the firm