YPF (YPF) to sell 50% Profertil stake for US$635,000,000 cash
Rhea-AI Filing Summary
YPF Sociedad Anónima reports that it has accepted an offer from Agro Inversora Argentina S.A., part of the Adecoagro group, to sell its shares in Profertil S.A..
The deal covers 391,291,320 Class B shares, representing 50% of Profertil’s share capital and voting rights, for a purchase price of US$635,000,000, subject to a price adjustment mechanism in the share purchase agreement. The closing of the transaction depends on certain conditions precedent being fulfilled.
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Insights
YPF agrees to sell its 50% Profertil stake for US$635,000,000, with closing subject to agreed conditions and price adjustments.
YPF has accepted an offer from Agro Inversora Argentina S.A., of the Adecoagro group, to sell 391,291,320 registered Class B shares of Profertil S.A.. These shares represent 50% of Profertil’s share capital and voting rights, indicating that YPF is divesting a large equity position in this subsidiary.
The agreed purchase price is
The transaction was accepted on
FAQ
What transaction did YPF (YPF) disclose regarding Profertil S.A.?
YPF disclosed that it accepted an offer from Agro Inversora Argentina S.A. to sell its shares in Profertil S.A. for a cash purchase price.
How many Profertil shares is YPF selling and what does this represent?
YPF is selling 391,291,320 registered, non-endorsable Class B shares of Profertil S.A., representing 50% of Profertil’s share capital and voting rights.
What is the purchase price for YPF’s Profertil shares?
The agreed purchase price is US$635,000,000 (six hundred thirty-five million United States dollars), subject to a price adjustment mechanism in the share purchase agreement.
Who is buying YPF’s stake in Profertil S.A.?
The buyer is Agro Inversora Argentina S.A., a company belonging to the Adecoagro group, which submitted the offer on
Is YPF’s sale of its Profertil stake already closed?
No. The filing states that closing of the transaction is subject to fulfillment of certain conditions precedent set out in the share purchase agreement.
When did YPF accept the offer for its Profertil shares?
YPF accepted the offer on