Edenor (EDN) agrees US$780M deal for YPF stakes in MetroGAS and MetroENERGÍA
Rhea-AI Filing Summary
Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) reports that YPF S.A. has accepted its offer, following a competitive sale process, to acquire YPF’s stakes in MetroGAS S.A. and MetroENERGÍA S.A.. The deal covers 70% of YPF’s share capital and voting rights in MetroGAS, made up of 290,277,316 Class A shares and 108,142,529 Class B shares, each with a nominal value of AR$1 and one vote per share.
In addition, Edenor will acquire 5% of YPF’s share capital and voting rights in MetroENERGÍA, consisting of 11,500 Class A shares with a nominal value of AR$1 and one vote per share. The total purchase price is US$780 million. After completion, YPF will fully divest its interests in MetroGAS and MetroENERGÍA. Closing is subject to conditions precedent in the offer, including required regulatory approvals such as from the Ente Nacional Regulador del Gas y la Electricidad (ENRGE).
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Key Figures
Key Terms
Material Fact regulatory
competitive process financial
conditions precedent regulatory
Ente Nacional Regulador del Gas y la Electricidad (ENRGE) regulatory
FAQ
What transaction did EDN announce regarding YPF’s stakes in MetroGAS and MetroENERGÍA?
How much is EDN paying for YPF’s MetroGAS and MetroENERGÍA stakes?
What percentage of MetroGAS is EDN acquiring from YPF in this deal?
Will YPF retain any interest in MetroGAS or MetroENERGÍA after the EDN transaction?
What regulatory approvals are required for EDN’s acquisition of YPF’s stakes?
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