We advised YPF on the sale of its stake in MetroGAS and MetroENERGÍA to Edenor

Bruchou & Funes de Rioja advised YPF S.A. in connection with the sale of its 70% equity interest in MetroGAS S.A. and its 5% equity interest in MetroENERGÍA S.A. Following a competitive process organized by Citibank N.A., on August 10, 2026, YPF S.A. accepted the offer submitted by Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) for the acquisition of YPF S.A.’s shares in MetroGAS and MetroENERGÍA.

The closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the National Gas and Electricity Regulatory Authority (Ente Nacional Regulador del Gas y la Electricidad – ENRGE).

MetroGAS is one of Argentina’s leading natural gas distribution companies, with operations primarily concentrated in the City of Buenos Aires and the Greater Buenos Aires area. MetroENERGÍA, in turn, is engaged in the commercialization of natural gas.

Bruchou & Funes de Rioja advised YPF S.A. through a team led by partners Estanislao Olmos, Nicolás Dulce, and José María Bazán, together with senior associate Agustina Rocca, and associates Tomás Herrero Anzorena and Celina Sanguinetti. The team also included the participation of partner Daniela Rey, from the Tax practice, and partner Ignacio Minorini Lima, from the Regulatory practice.