Deals
YPF In Talks to Sell Stake in Power Unit to Asian Fund
- Argentine oil company to sell 24.99 percent of YPF Luz
- Fund negotiating stake after Blackstone deal fell through
This article is for subscribers only.
YPF SA, Argentina’s state-run oil company, is in advanced talks to sell a minority stake in its power unit to an Asian fund, said two people with direct knowledge of the plan.
The fund, which the people declined to name, would get a 24.99 percent stake in YPF Energia Electrica SA, they said asking not to be identified as talks are private. YPF, which sold a similar stake to General Electric Co. in March for about $300 million, will retain operational control and use proceeds of the sale to finance the unit’s aggressive business plan.