Overview

• Tango, co-controlled by Vista Energy and Trafigura’s AR Energy Resources, acquired 93% of Aconcagua and its services unit to become the controlling shareholder.
• Shareholders approved a capital increase with more than 26.6 million new Class A shares fully subscribed by Tango, lifting stated capital to AR$28.5 million.
• Former YPF executive Pablo Iuliano was appointed CEO and chair, with Diego Celaá named vice president and Javier Agustín Basso director.
• Commercial agreements with Vista were amended, cutting Vista’s crude retention from 40% to 20% and extending delivery commitments to 2029.
• The restructuring follows heavy losses and a disclosed debt near AR$447,604 million as the company pursues operational recovery focused on Vaca Muerta and its Neuquina and Cuyana basin assets.