YPF SA, Argentina’s largest company, knows the fair value ofPetroleo Brasileiro SA’s local assets and will only proceed with an acquisition if the price meets its criteria, Chief Financial OfficerDaniel Gonzalez said.
The executive declined to confirm or deny an article published Wednesday in La Nacion newspaper that said YPF abandoned a bid after Petrobras Argentina asked it to raise its reported $900 million offer for a 67 percent stake.
Brazil Energy Insight 
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