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 2007 and proposed Cristina Kirchner instead, it was rumored that the couple might attempt to run for the presidency in alternate elections, to circumvent the constitutional limit of a single re-election. The death of Néstor Kirchner in 2010 derailed such a plan. She had a low positive image, below 30%. On 21 June 2011, Cristina Kirchner announced she would run for a second term as president. A few days later, she announced that her economic minister Amado Boudou would run for vice-president on her ticket. This selection was an unexpected one, as Boudou usually acted like a rock star instead