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YPF to sell Metrogas and MetroEnergía stake to Edenor for US$780 million
YPF has announced the acceptance of an offer from Edenor to purchase its majority stake in Metrogas and its interest in MetroEnergía for US$780 million. The deal involves the transfer of 70% of Metrogas's capital and voting rights, as well as a 5% stake in MetroEnergía.
The sale was the result of a competitive bidding process facilitated by Citigroup, which included five final bidders. Edenor is controlled by the Edelcos consortium, comprising businessmen José Luis Manzano, Daniel Vila, and Mauricio Filiberti. Manzano already holds a 9.23% stake in Metrogas through Integra Gas Distribution.
YPF stated that this divestment is part of a strategic portfolio optimization aimed at concentrating resources and investments on the development of the Vaca Muerta shale formation. The transaction remains subject to several conditions, including necessary regulatory approvals from the Ente Nacional Regulador del Gas y la Electricidad (ENRGE).
Entities
Citigroup · Edenor · José Luis Manzano · Metrogas · YPF
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Edenor is controlled by the Edelcos consortium, which includes businessmen José Luis Manzano, Daniel Vila, and Mauricio Filiberti. eluniverso.com · totalnewsagency.com · vilmetal.com.ar · www.adnsur.com.ar · www.canal13sanjuan.com · +3 more
- [● 4 SOURCES] The final stage of the competitive bidding process included five finalists: Edenor, Central Puerto (with Ecogas), MSU, Grupo Pierri, and Litoral Gas. totalnewsagency.com · vilmetal.com.ar · www.canal13sanjuan.com · www.eldiarioar.com
- [● 11 SOURCES] Citigroup served as the financial advisor for the competitive process. eluniverso.com · www.lagaceta.com.ar · totalnewsagency.com · vilmetal.com.ar · www.adnsur.com.ar · +6 more
- [● 9 SOURCES] José Luis Manzano already holds a 9.23% stake in Metrogas through Integra Gas Distribution. elperiodicodelaenergia.com · eluniverso.com · totalnewsagency.com · vilmetal.com.ar · www.adnsur.com.ar · +4 more
- [● 14 SOURCES] YPF accepted an offer from Edenor to purchase its stake in Metrogas and MetroEnergía for US$780 million. elperiodicodelaenergia.com · eluniverso.com · www.lagaceta.com.ar · totalnewsagency.com · vilmetal.com.ar · +9 more
- [● 10 SOURCES] The divestment is part of YPF's strategy to optimize its portfolio and focus investments on Vaca Muerta. eluniverso.com · www.lagaceta.com.ar · totalnewsagency.com · www.adnsur.com.ar · www.energiaynegocios.com.ar · +5 more
- [● 5 SOURCES] The transaction includes 70% of Metrogas's capital and voting rights, plus 5% of MetroEnergía. www.lagaceta.com.ar · totalnewsagency.com · www.energiaynegocios.com.ar · hoydia.com.ar · www.perfil.com
- [● 9 SOURCES] The transaction's closing is subject to regulatory approvals, including the Ente Nacional Regulador del Gas y la Electricidad (ENRGE). eluniverso.com · www.lagaceta.com.ar · totalnewsagency.com · www.adnsur.com.ar · www.energiaynegocios.com.ar · +4 more