Argentine energy group YPF has agreed to sell a 25% stake in its power utility to GE Energy Financial Services. The deal is expected to close by the end of this year, according to people familiar with the matter. (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 in advanced talks with another company to sell another 25% stake in the power unit. YPF Energia Electrica will invest $1.3bn within the next three years.
Argentine energy group YPF has agreed to sell a 25% stake in its power utility to GE Energy Financial Services. The deal is expected to close by the end of this year, according to people familiar with the matter. YPF is in advanced talks with another company to sell another 25% stake in the power unit. YPF Energia Electrica will invest $1.3bn within the next three years.