Privatization will be “through a mixed scheme that combines a national and international public tender To select a strategic operator, and an initial public offer to open the capital of the company to other investors, “he said.
He also explained that the proposal was includes the company’s employees as shareholders of AYSA within the currently in force property program, which reflects 10% of the share capital of the company.
The process will have the regulation of the National Securities Commission. They also stated that “the highest national and international standards will be adjusted to guarantee the transfer.”
The causes of the privatization of AYSA
According to Manuel Adorni at conference, the decision to privatize the service is due to the fact that “from his Reestatization in 2006AYSA required permanent contributions of the national treasure, totaling a total of US $ 13,400 millionuntil 2023 “.
“In this sense, key indicators mark that There was a strong deterioration in the company’s infrastructureoperating costs, where for example The endowment grew 90% during state management, and the level of delinquency on the part of users reached 16% when he was 4% Average, “he added.
Then, he specified the figures they registered when assuming: “This government found that more than aysa were spent U $ 4,800 million Only in the last management. With all that budget, the company functioned as a campaign platformwas U $ 200 million destined for works and 25% of those works were assigned to Tigre and Malvinas Argentinasthe two municipalities from where its directive dome came. “
“The privatization of the company will allow modernize the sector and improve the price and quality of service. It is the most important step, “Adorni concluded.
Changes in the Cabinet
Adorni also confirmed the Departure from Miguel Blanco in the Sigenthe body in charge of the internal control of the National Executive Power and that depends on the Casa Rosada.
The now former official will be replaced by Alejandro Díazan expert in government and corporate, audits and union, who worked so far in Argentine Nucleoelectrica company that responds to Ministry of Economy.
Source: Ambito
