YPF to acquire remaining stake in power generation unit YPF Luz for $430 million
Argentina’s state‑controlled energy firm YPF agreed on 8 October to purchase the final 24.99 % of its power generation subsidiary YPF Luz from BNR Power Investments for $430 million. The seller is a vehicle controlled by GE Vernova and China’s Silk Road Fund. The transaction will give YPF 100 % ownership of YPF Luz, which operates 3,764 MW of thermal and renewable plants and supplies roughly one‑tenth of Argentina’s electricity.
Why it matters
The deal gives YPF full control of a unit that generated $479 million of adjusted EBITDA in the twelve months to June 2026, enhancing its position in the country’s electricity market and renewable portfolio. The purchase is financed with foreign debt, which will add leverage to YPF’s balance sheet.
Key facts
- 1YPF agreed to buy the remaining 24.99 % of YPF Luz for $430 million. riotimesonline.com
- 2The shares being sold represent 237,499,943 Class B shares, carrying 24.99 % of YPF Luz’s capital and voting rights. riotimesonline.com
- 3YPF Luz operates 3,764 MW of installed capacity, split between 2,740 MW thermal and 1,024 MW renewable. riotimesonline.com
- 4YPF Luz supplies roughly one‑tenth of Argentina’s electricity. riotimesonline.com
- 5Adjusted EBITDA for YPF Luz was $479 million over the twelve months to June 2026. riotimesonline.com
- 6The seller, BNR Power Investments, is controlled by GE Vernova and China’s Silk Road Fund. riotimesonline.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.