Argentina's YPF Agrees US$430 Million YPF Luz Buyout
12 Articles
12 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 oil company agreed to buy the 24.99% that it does not yet own in YPF Luz for $430 million. The operation will allow it to consolidate 100% of the results of a generator with 3.8 GW of installed capacity and an EBITDA of $479 million.
The acquisition was approved by the oil company’s board. YPF Luz’s generation is equivalent to approximately 10% of the electricity supplied in the country.
YPF has agreed to acquire 24.99% of the shares of YPF Electric Power (YPF Luz) that belong to BNR Power Investments B.V. for US$ 430 million. The operation was approved by the YPF board on October 8 and, once finalized, the oil company will become holder of 100% of the company’s capital [...]
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