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Ypf Sold 50% of Its Agro-Industrial Unit to Concentrate on the Oil and Gas Business
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The state oil company launched a bid to add a partner to YPF Agro, with a look at Vaca Muerta and energy development.The entry The reasons why YPF sold 50% of its agro-industrial unit was first published in #BorderPeriodismo.
The state oil company launched a bid to add a partner to YPF Agro, looking at Vaca Muerta and energy development. The post YPF sold 50% of its agro-industrial unit to concentrate on the oil and gas business appeared first on El Intranssigente.
Horacio Marin, president and CEO of YPF, announced the plans that the company has for YPF Agro, one of its business units. According to him, as soon as the board approves it, they will go out “to a tender”, since “YPF does not have a know-how of agro.” “We are going to call on someone from the agro to run that company. Our idea is to make a joint venture, between YPF and someone else. Someone will bid, win and distribute the profits. And surely …
“We lack the approval of the board, but after a long time, because the status quo has to work it, we are going to go out to a tender of YPF Agro. YPF has no know-how of agro. Do you see me with knowledge of soy?” With an informal tone, but always forceful in his statements, the current president of YPF, Horacio Marin, confirmed at the 137th Rural Exhibition in Palermo what was an open secret in recent months: that the state oil company will seek…
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