YPF divests its stake in gas distribution for 780 million dollars

Wednesday, August 12th 2026 - 06:28 UTC

YPF will transfer 70% of the capital of Metrogas, the country's largest gas distributor, and 5% of Metroenergía, its trading arm

Argentine oil company YPF, 51% state-controlled, has accepted Edenor's offer to buy its stake in Metrogas and Metroenergía for 780 million dollars, according to a filing submitted on Monday to the securities regulator. The deal takes the company out of the natural gas distribution business.

YPF will transfer 70% of the capital of Metrogas, the country's largest gas distributor, and 5% of Metroenergía, its trading arm. Metrogas supplies around 2.4 million customers in the city of Buenos Aires and eleven surrounding districts, more than a quarter of the national market. Edenor supplies electricity to 3.4 million customers in the northern part of the metropolitan area.

The buyer is controlled by the Edelcos consortium, made up of businessmen José Luis Manzano, Daniel Vila and Mauricio Filiberti. Manzano, a former interior minister under Carlos Menem, already held 9.23% of Metrogas through his investment vehicle. Once completed, the deal will place a single group in charge of the largest gas and electricity distributors in the metropolitan area, with close to 5.8 million customers combined.