Argentina’s state-owned oil company YPF SA (YPFD.BA) will sell a 25 percent stake in its electricity generation unit to U.S. industrial conglomerate General Electric Co (GE.N), a source close to the deal told Reuters on Thursday.
YPF is also in “advanced talks” to sell an additional 25 percent stake in the unit, called YPF Energia Electrica, to U.S. asset manager Blackstone Group LP (BX.N), said the source, who spoke on the condition of anonymity. News of the deal was reported earlier on Thursday by local newspaper Clarin.
Source: Reuters.com