YPF seeks $400 million in financing and puts “Torre Pelli” up for sale

The state oil company YPF will put its Tower up for sale, a real flagship of Puerto Madero and the company’s headquarters since 2008. The decision is part of the oil company’s strategy to concentrate its resources in the core of the business, that is, the production of energy. A quick calculation for this operation could yield a figure close to $ 400 million. It seeks to mitigate with additional income a challenging period for the company, which recorded losses of $1.64 billion in the third quarter.

Source: Ámbito