Bloomberg News

Argentine Stock Movers: Boldt, Tenaris and YPF Are Active

April 10, 2012

The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses, and share prices are as of 1:36 p.m. in Buenos Aires.

The Merval (MERVAL) index fell 1.1 percent to 2,493.23.

Boldt SA (BOLT) , the Argentine holding company with subsidiaries in information technology and casinos, fell 4.2 percent to 2.97 pesos, its fourth consecutive day of losses. Argentine Vice President Amado Boudou mentioned Boldt Chairman Antonio Tabanelli as a person involved in alleged bribery, Buenos Aires-based newspaper Cronista said. An official at Boldt’s communications department did not immediately return a phone call seeking comment.

Tenaris SA (TEN) dropped 3.2 percent to 95.3 pesos, its lowest price in five weeks. The world’s largest producer of seamless steel tubes used in the oil industry fell in line with the price of crude.

YPF SA (YPFD AF) rose 0.2 percent to 122.8 pesos and earlier gained 2.9 percent, its biggest advance in two weeks. Argentina’s largest oil company gained today after Spanish newspaper El Confidencial reported that Repsol YPF SA (YPFD), YPF’s controller, may receive an offer for its unit from China National Offshore Oil Corp.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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