YPF received five offers from local and international investors for its controlling stake in Metrogas. Metrogas operates as the largest gas distributor in Argentina.
The divestment signals a strategic shift to exit non-core assets. YPF plans to concentrate its operational focus on the high-growth Vaca Muerta shale formation.
This move aims to optimize the company’s portfolio and strengthen its balance sheet. Competitive interest from five parties may result in a favorable valuation for the stake.
YPF will reinvest the sale proceeds into core upstream oil and gas exploration. These activities focus on primary production and development.