Private equity group Riverstone Holdings and Miguel Galuccio, a former chief executive of Argentine state-owned oil company YPF, aim to raise $500 million in Mexico’s first-ever stock market listing of a special purpose acquisition company, according to two people familiar with the plan.

Vista Oil & Gas, the special purpose vehicle, intends to purchase energy exploration and production assets in Mexico, Colombia, Argentina and Brazil within two years of its listing, tentatively planned for a month from now, according to an investor presentation.

The stock market listing would be the first to take advantage of a 2013 constitutional change that opened Mexico’s energy production and exploration to private investors for the first time in 75 years.

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