Deal between ailing exploration firms follows victory of Mauricio Macri who has milder attitude towards territorial claims over islands
Two Falkland Islands oil exploration firms have announced a £57m deal just hours after Argentina elected a leader with a milder attitude towards the territorial dispute with Britain over the islands.
If the deal goes ahead, it will bring together two companies that have suffered some of the most precipitous declines in stock market value in recent years.
Related: Argentina president-elect pledges radical policy changes in shift to right