During the Rural Exhibition, the CEO of the oil company, Horacio Marín, announced that he will propose to the Board to convert YPF Agro into a mixed company with state participation and private operational control.
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YPF plans a fundamental change in its agribusiness. During his participation in the 137th Rural Exhibition, the company's CEO, Horacio Marín, anticipated that he will bring a proposal to the Board to transform YPF Agro into a mixed company, with a majority stake of state capital but with private operation in charge of a specialized actor in agriculture. The initiative, still in the preliminary stage and subject to the approval of the Board, contemplates a mixed company model: the agribusiness will be separated from the rest of the company and a strategic partner will be sought, through a tender, to manage the new firm in alliance with YPF SA. "We want to focus on what we know how to do best. YPF does not have the know-how to operate in agriculture, and we deserve to make money by being efficient," they assure from the oil company. According to the explanation, YPF would retain a 50% stake in the new company, while the other 50% would be tendered to the market, with the aim of ...