Deals
YPF Plans to Sell Non-Core Assets After Second-Quarter Loss
- Ricardo Darre says company doesn’t need to be in everything
- New policy disclosed after posting $51 million in losses
This article is for subscribers only.
YPF SA, Argentina’s biggest company, plans to divest non-core assets in a bid to focus in projects that pay back quickly.
"We need to concentrate on core activity," Chief Executive Officer Ricardo Darre, who arrived to the company from Total SA four weeks ago, said Friday to investors. "We are probably not the best to do everything. We need to concentrate in what we are good."