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Repsol and YPF (A): A Perfect Marriage?
Shotts, K; Casey, K; Melvin, SCase SGSB-P90A-EEconomicsBack in 1999, the Spanish oil company Repsol purchased 98 percent of the Argentine oil company YPF’s shares for more than $15 billion and changed its name to Repsol-YPF. At the time, the New York Times said the deal “appears to be a perfect marriage” and asked, “Repsol-YPF: As Good as It Gets?” However, on April 16, 2012, that “perfect marriage” was effectively annulled when Argentine president Cristina Fernández de Kirchner announced that her go...Starting at €8.20
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Bajaj Auto Limited: Trouble with Argentine Peso
Ganesh Kumar Nidugala; Rashmi ShuklaCase IVEY-9B19N010-EFinance, StrategyIn December 2015, the new government in Argentina lifted capital controls, leading to a sudden drop in the value of the Argentine peso. This depreciation of the peso had the potential to significantly affect companies that exported goods to Argentina. One such company was Bajaj Auto Limited (Bajaj Auto), an Indian exporter of motorcycles to Argentina. On December 18, 2015, Bajaj Auto’s shares dropped 2.43 per cent and lost over US$212 million in ...Starting at €8.20