Spain's Repsol announced Monday that its board of directors will consider a special dividend of ?1/share ($1.36/share). This follows the sale of the $5.3 billion in Argentine sovereign debt received in compensation for Buenos Aires' 2012 seizure of the majority of the Spanish company's 57% stake in former Argentine affiliate YPF, which was completed last week along with the sale of Repsol's remaining 12.34% stake in the South American firm. The Spanish company received a total of $6.3 billion from the sale of the bonds and its stake in YPF combined. The company's next monthly board meeting will be held Wednesday (IOD May27'14).
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