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Investing.com -- A New York court has ordered the Argentine government to transfer its 51% stake in YPF to plaintiffs within 15 days as part of an ongoing judicial case regarding YPF’s nationalization.
The ruling came from the Southern District Court of New York, which directed the transfer to partially satisfy an unpaid judgment against Argentina.
Jefferies noted that while this development has increased uncertainty for YPF, they "do not believe that it creates an overhang for the shares." The firm emphasized that YPF itself is not a party to the legal proceedings.
According to Jefferies, the court decision should increase pressure on the Argentine government to reach a settlement in the case. Although the situation brings "unwelcome noise around YPF," Jefferies sees the ruling as having "limited real impact on the company."
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