Slim's purchase of YPF brings optimism to Buenos Aires's Merval - 0 views
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Leonardo Gottems on 21 Jun 12An unexpected 8.5 percent purchase of YPF by the world's richest man, Carlos Slim, has brought also optimism for the Buenos Aires stock exchange Merval. After weeks of losses due to the seizure of 51 percent of the company by the Argentinian government, YPF's stocks had a high of 9.08 percent last Friday. The stocks in New York also grew - by 6.89 percent and closing the trades at US$ 11.17. It also reflected on other oil companies traded at Merval such as Petrobras Energía, which had a 10.79 percent high. The Merval index had a 3.5 percent high, after some bad weeks.