Triangulaciones y transparencias

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La primera y fundamental es que este desenlace se haya generado mediante un proceso de triangulación entre gobiernos (el español, el mexicano y el argentino) que han desplazado a los responsables de las empresas. Algo que da cuenta de la baja calidad del capitalismo empresarial en estos tres países y del grado de intervencionismo aceptado, en una especie de cultura político-económico-empresarial latina.
La operación dinamita la estrategia de negociación de Antonio Brufau, quien preparía su dimisión en el Consejo de Administración según adelanta Vozpópuli. A su vez, la Caixa-Fainé (principal accionista de la petrolera) desautorizan al actual presidente de Repsol con su presencia en la reunión de tres horas en la que se fraguó el «Acuerdo». Y con su aquiescencia.
Por su parte, Brufau es un ejecutivo de carácter y, en muchos momentos, muy incómodo para los propios intereses de la entidad financiera catalana, incluyendo su proximidad al PSC, por lo que la opción de su salida ya se venía manejando en círculos restringidos desde hace tiempo y sonaba de forma insistente. Otra triangulación.
Con respecto a sus términos, lo que ha trascendido del acuerdo es que la entente entre Repsol y el Ejecutivo argentino por YPF se resuelve con una indemnización de 5.000 millones de dólares que hasta el momento era considerada insuficiente por la petrolera española (sólo el yacimiento de Vaca Muerta está valorado en unos 10.000 millones de dólares, incluyendo 6.000 de lucro cesante). Evidentemente, la suscripción del mismo implica la renuncia a las acciones de arbitraje internacional que Repsol tiene abiertas en el CIADI.
En la construcción del acuerdo entra como palanca, además, la formalización de un pedido de barcos para los astilleros gallegos que Pemex ha prometido al presidente Mariano Rajoy, así como la firma de la pipa de la paz en el accionariado de Repsol, donde la mexicana tiene un 9% del capital. Así, el gallego ha enviado de urgencia a Argentina, para dejar atados y bien atados los términos del acuerdo a José Manuel Soria, ministro de Industria, como embajador económico plenipotenciario, a efectos de escenificar el allanamiento de las posiciones españolas como un Acuerdo. Una operación a su medida.
A su vez, es evidente que el Gobierno está demostrando una apuesta importante por el desarrollo de las relaciones económicas con México (un país que, por otra parte, tiene solvencia a nivel internacional, además de estar en un proceso de revisión de largo recorrido de su política energética). En sentido contrario, no está tan claro que el acuerdo futuro con Argentina sea tan fiable, de forma que existan más dudas que garantías de que se cumpla en todos sus términos, o de que se conozcan la calidad y liquidez de los activos con los que se pagará la indemnización acordada.
Atentos a todo ello. Y a la sustitución de Brufau, que será por triangulación.

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