YPF Pays $430 Million to Keep 100% of YPF Luz
4 Articles
4 Articles
He will buy the 24.99% that belongs to BNR, the vehicle through which General Electric participated. The generator had submitted documentation to go out to the Stock Exchange, an operation that has not yet been realized.
The operation was approved by the YPF board and will allow the oil company to reach 100% of the shares of its electricity company. The transaction must still meet the usual conditions to be realized.
The YPF board approved this Thursday the acquisition of 24,99% of the shares of YPF Electric Energy (YPF Luz), currently in the hands of BNR Power Investments B.V., for an amount of US$ 430 million. Once completed the transaction, subject to the usual conditions for this type of operations, the oil company will go to control...
He bought 25% of YPF Light at $430 million. It was in the hands of a fund that inherited it from General Electric.
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