Ypf Sociedad Anonima shares rise 3.25% intraday after signing a letter of intent to acquire two unconventional oil and gas blocks in Argentina.

Ypf Sociedad Anonima rose 3.25% in intraday trading, with the company signing a letter of intent to acquire two unconventional oil and gas blocks in Argentina from TotalEnergies for $500 million. The deal involves a 45% interest in the Rincon La Ceniza and La Escalonada blocks, located in the Vaca Muerta region, which is currently in a pilot development phase.