His boldest move was the acquisition of the Argentine oil company YPF. In January 1999 Repsol bought the 15 percent of YPF still owned by the Argentine government.
Repsol YPF
In June 1996 Cortina de Alcocer joined Repsol's board of directors and then was named chairman of the company.
President, chairman, and chief executive officer of Repsol YPF
President, chairman, and chief executive officer of Repsol YPF
Under Cortina de Alcocer's leadership Repsol invested heavily abroad, particularly in Latin America. Notable among its investments was the purchase of the Argentine oil company YPF.
Repsol YPF, Paseo de la Castellana, 278, 28046 Madrid, Spain
the company expanded significantly overseas, especially in Latin America. Between 1995 and 2003 Repsol invested $44.5 billion, two-thirds of which went to Latin American countries.
in May 1999, Cortina de Alcocer bought the remaining 85 percent of YPF for more than $13 billion. Despite some resistance in Argentina the generous cash offer persuaded YPF shareholders to sell.
Repsol YPF was created in 1986.
Repsol YPF's population is 43,300.
Repsol-YPF tower was created in 2008.
the purchase made Repsol YPF the eighth-largest oil company in the world. The merger combined Repsol's expertise in marketing and refining with YPF's large reserves and production capacity.