One-Page Deal Sheet
Apache Ditches Argentina; Sells Off Assets
YPF Apache Corp
Announced Date
February 12,2014
Close Date
March 12,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
852
Location
Calculated Metrics( EV/Category)
Region
South America,Latin America
Country
Argentina
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - March 12, 2014
Apache Corporation has completed the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima for cash payment of US $800 million plus the assumption of $52 million of bank debt as of June 30, 2013.
G. Steven Farris, chairman, chief executive and president of Apache, commented: "This transaction essentially marks the end of a process that Apache began last year to rebalance its portfolio to focus on assets in North America that can grow more predictably combined with international assets that generate substantial free…
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