YPF Energía Eléctrica S.A. agreed to acquire La Plata Plant from Central Puerto S.A. (BASE:CEPU) for $31.5 million on December 20, 2017. The consideration will be paid in cash. The transaction is subject to the termination of a due diligence process during which YPF can, at its own discretion, terminate the La Plata plant sale, the payment by YPF Energía Eléctrica S.A. of the purchase price, the extension of steam supply agreement with YPF SA at Luján de Cuyo plant for a period of up to 24 months from January 1, 2019 under the same terms as the existing steam supply agreement, which is expected to be signed in January 2018, the renewal of two contracts between Central Puerto S.A. and certain third parties and the acceptance by such third parties of the assignment of such contracts to YPF Energía Eléctrica and other formal conditions. The transaction will be completed on the second business day after each of the aforementioned conditions are met. The completion is expected to occur in the first quarter of 2018. Ricardo Castañeda and Enrique Garda Olaciregui acted as legal advisors for YPF S.A. Diaz Bobillo, Sigwald & Vittone acted as legal advisor for Central Puerto.