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YPF Said to Be Potential Bidder for Petrobras Argentine Assets

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Dec. 12 (Bloomberg) -- YPF SA, Argentina’s largest energy company, will bid for any assets that Petroleo Brasileiro SA wants to sell in Argentina, a YPF official said today.

Petrobras, as the state-controlled company is known, announced in June it’s seeking to raise as much as $14.8 billion through asset sales and restructuring to fund deep-water oil discoveries in Brazil. The plan includes selling its Argentine controlled companies, including a 28.5 percent stake in Refinor SA, Reuters reported Nov. 29.

The YPF official, who can’t be named because of company policy, said the Buenos Aires-based company would bid given its importance in the local energy market.

Tarsicio Lima, a Petrobras press official, declined to comment in a telephone interview from Rio de Janeiro and in an e-mail. Alejandro Di Lazzaro, a YPF spokesman, declined to comment in an e-mail.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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