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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: EPS who wrote (283)	5/20/1999 11:45:00 AM
From: X Y Zebra	Respond to of 331

biz.yahoo.com Looks like the "Reconquista" is meeting resistance from the "natives" BUENOS AIRES, May 19 (Reuters) - Argentina's Lower Chamber of Congress passed a bill on Wednesday that could prevent a planned merger of Spanish energy group Repsol with Argentine oil company YPF in a $13.44 billion takeover bid. The bill forces firms to seek authorization to merge and even envisages dissolution of companies for the sake of free competition, state-run news agency Telam said, adding the bill has now been sent to the Senate. The ruling Peronist Party has a majority in the Senate and approval of the bill is expected there. (more)