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
Presidency of Cristina Fernández de Kirchner 2009 revealed an increase in their personal assets by 7 times, since Néstor Kirchner's 2003 inaugural. The increase was partly the product of land deals in El Calafate, a scenic, Santa Cruz Province town where the couple has long vacationed and own property (including of land and two hotels). On October 17, 2009, President Cristina Fernández proposed the compulsory submission of DNA samples in cases related to crimes against humanity, in a move lauded by the Grandmothers of the Plaza de Mayo, but excoriated by opposition figures as a political move against Clarín Media Group Chairperson Ernestina Herrera de Noble,