We advised YPF on the acquisition of BNR Power Investments’ stake in YPF Luz
Bruchou & Funes de Rioja advised YPF S.A. on the acquisition of 24.99% of the share capital and voting rights of YPF Energía Eléctrica S.A. (“YPF Luz”) held by BNR Power Investments B.V., the fund through which GE Vernova participated as a shareholder of the company, for USD 430 million.
The transaction closed on October 14, 2026. As a result, YPF S.A. became the direct and indirect holder of 100% of the share capital of YPF Luz.
YPF Luz, founded by YPF S.A. in 2013, is engaged in the development and operation of power plants and in the generation and sale of electricity from thermal and renewable sources. With 3.8 GW of installed capacity and a presence in eight provinces, its generation accounts for approximately 10% of the electricity supplied in Argentina, and it ranks as the country’s second-largest renewable energy generator.
Bruchou & Funes de Rioja advised YPF S.A. with a team led by partner Estanislao Olmos, together with senior associate Tomás Herrero Anzorena and associate Manuela Genesio. The team was also supported by partner Daniela Rey, from the Tax practice.
