Deals
YPF Hires Citigroup in What May Be Year’s Biggest Argentina M&A Deal
- Metrogas part of YPF’s $1 billion non-core asset sale process
- Divestment could be Argentina’s biggest M&A deal in 2017
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YPF SA, Argentina’s biggest oil company, has hired Citigroup Inc. to help sell its controlling stake in Metrogas SA, the country’s largest gas distributor, according to two people with knowledge of the plan.
Citigroup was selected among more than ten investment banks to advise on what may be the biggest M&A deal in Argentina this year, according to one of the people. The mandate was signed this week and the process will start shortly, a second person said. The people asked not to be named as the talks are private.