The company will sell 2.9% of YPF to Lazard Asset Management for $484m and a further 0.93% to other investors for a total of $155m.
The sale of YPF stake is part of Repsol’s strategic aim to rebalance its global assets portfolio.
Last year, Repsol agreed the sale of 3.3% of YPF for $500m to funds managed by Eton Park Capital Management, Capital Guardian Trust and Capital International.
Additionally, shares of YPF totalling 1.06% of the company have been sold on the stock markets in the last few months, Repsol said.
Following the latest transactions, Repsol cuts its holding in YPF to 75.9%.
