YPF Filtering Metrogas Bids With View to Complete Sale This Year

State-run Argentine oil company YPF received non-binding offers for its majority stake in natural gas distributor Metrogas through April 9, and will select which ones advance to a second stage of the divestment process, it said in a statement.

• The first round drew interest from 13 companies
• Citi is advising YPF on the deal
• NOTE: YPF has said the deal is subject to Metrogas getting a renewal from the government on its multi-year distribution license
• NOTE: Implied value of stake is ~$585m, according to Adcap
• NOTE: YPF Chief Readies War Chest for Shale Push as Milei Bolsters Oil
• NOTE: Argentina’s ...