BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Feb.2025) — YPF S.A. completed the sale of all the shares of its Brazilian subsidiary YPF Brasil Comercio de Derivados de Petrol LTDA, based in Sao Paulo, to the Brazilian companies GMZ Holding LTDA, and IGP Holdings Participacoes S/A, with the intervention of Usiquimica do Brasil LTDA. as guarantor of the transaction.
The sale price agreed upon by the parties was $2.3mn, YPF announced 3 Feb. 2025 in a Form 6-K filing.
The divestment is in line with YPF’s strategy to focus its business and growth on its operations in prolific Vaca Muerta shale play.
