Argentinian oil and gas producer YPF may raise its stake in natural gas distribution company Metrogas, The Wall Street Journal reports. YPF Inversora Energetica, a unit of YPF, has acquired an option to buy a 54.7% stake in Metrogas from BG Group.
BG Group owns the stake through its subsidiary Consorcio Gas Argentino Sociedad Anonima (GASA). YPF already holds a 45.5% stake in GASA. The option can be exercised by YPF until Aug. 31, 2011, but the deadline can be extended to Oct. 5, 2011.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from MercoPress.