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 owner of video cable networks, multiple TV Channels, radio stations, the main newspaper, and—through most of a decade before 2010—had a monopoly on Argentine football broadcasts: it is thus so-called opinion-former. By 2010 it was obvious to independent sources that the traditionally major news media were in a direct conflict with the government, often reporting misleading Information. In April 2008, Kirchner received a stern public rebuke from the Argentine media owners Association (Spanish: "Asociación de Entidades Periodísticas Argentinas", or ADEPA) for having publicly accused the popular cartoonist Hermenegildo Sábat of behaving like a "quasi mafioso". In addition, a government proposal