Chinese fund takes stake in YPF Luz

Chinese fund takes stake in YPF Luz

M&A Equity Project & Infrastructure Finance Energy Electricity Brazil

China's Silk Road Fund has taken a stake in the Argentine power company YPF Luz through an arrangement with General Electric (GE), the US conglomerate's legal adviser, Shearman & Sterling, confirmed to LatinFinance. GE transferred its 25% stake in YPF Luz, a division of the state-owned energy company YPF, to BNR Infrastructure Investment, a company it owns with the Silk Road Fund. The Chinese government set up the Silk Road Fund to manage investments for the Belt and Road Initiative (BRI).

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