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 case of money laundering. According to a criminal complaint by opposition deputy Margarita Stolbizer, his company Valle Mitre S.A. has rented 1,100 rooms per month, for years, at the Hotesur and Alto Calafate hotels, but without occupying them. These hotels, located in the city of El Calafate, belong to the Kirchners. The administration of Cristina Kirchner continued the trials of military personnel involved in the Dirty War, started by her husband. There have been more than 500 people sentenced, and 1,000 convicted, in a process that was unprecedented in Latin America. De facto president Jorge Rafael Videla, who was convicted