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Argentina's YPF gains full control of electricity subsidiary with $430 million stake purchase

Argentina's YPF gains full control of electricity subsidiary with $430 million stake purchase

- Argentina state-run energy producer YPF YPFDm.BA said on Thursday that its board had agreed to buy out BNR Power Investment's nearly-25% stake in electricity subsidiary YPF Luz to take full control of the unit.

The deal is set to cost around $430 million, YPF added in a statement.


(Reporting by Kylie Madry)

((Kylie.Madry@thomsonreuters.com;))

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