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 president, and automatically assumed the presidency on his death. The transition from Néstor Kirchner to Cristina Fernández de Kirchner was also the first time a democratic head of state was replaced by their spouse without the death of either. He remained highly influential during his wife's term, supervising the economy and leading the PJ. Their marriage has been compared with those of Juan and Eva Perón and Bill and Hillary Clinton. Media observers suspected that Mr. Kirchner stepped down as president to circumvent the term limit, swapping roles with his wife. When Néstor Kirchner refused to run for re-election in