Argentina's YPF Sociedad Anonima (D): The International Platform

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Compact case

Supplement

Reference no. 9-398-005

Subject category: Economics, Politics and Business Environment

Authors: Carin-Isabel Knoop (Harvard Business School); Michael Yoshino (Harvard Business School)

Published by: Harvard Business Publishing

Originally published in: 1997

Version: 12 February 1999

Length: 4 pages

Data source: Field research

Topics: Acquisitions; Corporate strategy; Global Research Group; Globalization; International business; Management of change; Petroleum; Privatization; South America

Share a link: https://casecent.re/p/44181

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Abstract

In March 1995, YPF (the former Argentine state-owned oil and gas utility, privatized in late 1993) acquired the Dallas-based Maxus Energy Corp, one of the world's largest independent oil and gas exploration companies. YPF's first acquisition is nearly bankrupt, with close to USD1 billion in long-term debt. Roberto Monti takes over as CEO in August 1995. The case describes the steps he took to stem losses at Maxus before being named CEO of YPF in April 1997.

Locations:

United States; Argentina; Texas

Industries:

Natural gas; Petroleum extraction

Size:

USD4 billion revenues

Other setting(s):

1996-1997