Mayer Brown advises BNR Power Investments B.V. on $430 million sale of interest in YPF Luz to YPF S.A.

Mayer Brown represented BNR Power Investments B.V. in connection with the $430 million sale of its 24.99% equity interest in YPF Energía Eléctrica S.A. (YPF Luz) to YPF S.A.

Mayer Brown assisted BNR Power throughout the process of evaluating various liquidity opportunities, which resulted in this successful transaction, which closed on October 14, 2026. YPF Luz develops and operates power generation assets in Argentina, with 3,764 MW of installed capacity, including 2,740 MW of thermal generation capacity and 1,024 MW of renewable generation capacity. Following the transaction, YPF S.A., which previously held a 75.01% interest in YPF Luz, became the company's sole shareholder.

The Mayer Brown team was led by partners Pablo Ferrante, Robert Goldberg, and Anna Pinedo, and included counsel Ali Perry and associates Ana Tobar and Cameron Holman in the firm’s Houston and New York offices.