Davis Polk advised Repsol YPF, S.A. and YPF, S.A. in connection with the public offering by Repsol of 30,145,898 American Depository Shares (ADSs) of YPF. The gross proceeds to Repsol from the offering were over $1.2 billion. Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Itaú BBA, Morgan Stanley, Raymond James and Santander Investment acted as underwriters for the offering.

Headquartered in Buenos Aires, Argentina, YPF is Argentina’s leading energy company, operating a fully integrated oil and gas chain with leading positions across the domestic upstream and downstream segments. Headquartered in Madrid, Spain, Repsol is an integrated oil and gas company engaged in all aspects of the petroleum business, including exploration, development and production of crude oil and natural gas. 

The Davis Polk corporate team included partner Nicholas A. Kronfeld, associates Ester del Valle Izquierdo, Pavan Jawanda, Liang Dong, Kevin M. Satter (not yet admitted) and foreign temporary associate Joshua Parraga (not yet admitted). Partners Mary Conway and Rachel D. Kleinberg and associate Rhiannon Nakano provided tax advice. Associate Catherine L. Martin provided 1940 Act advice. All members of the Davis Polk team are based in the New York office, except for Rachel D. Kleinberg, who is based in the Menlo Park office, and Ester del Valle Izquierdo, who is based in the Madrid office.