In addition, the package of assets includes the transmission lines CTM and TESA (which connect the electric power systems between Brazil and northeastern Argentina) and Yacylec (transports energy from Yacyretá).
According to Argentine energy market analysts, the assets that generate the most interest among investors in the sector are the Costanera and Dock Sud thermal power plants. Potential buyers such as YPF Luz, which is already a shareholder in Dock Sud along with Pan American Energy, are even mentioned. . On the other hand, the company of national businessmen that already controls the generator Central Puerto is trying to stay with Costanera. Also on the list of possible candidates is the local MSU and the group of investors linked to José Luis Manzano, who already owns part of Edenor.
Trend
In any option, what is taken for granted in the market is that Enel’s assets will pass into the hands of local companies, since the current conditions of the country and the regulations of the sector reduce the possibility that there is a foreign group among the interested parties. .
This “nationalization” of assets has become more noticeable in recent years and the trend is expected to continue. According to a recent PwC report on mergers and acquisitions in Argentina, in 2021 there were 17 operations in which a multinational group sold all or part of its operations in Argentina. A record slightly less than the 19 transactions of the same type registered in 2019.
Enel is an energy group controlled by the Italian State, which plans to complete the divestment process in Peru and Argentina between this year and 2025.
This measure is part of a global plan announced by the Italian electricity company that expects to obtain some US$21.5 billion from sales that will be used to reduce its net debt and focus its transition towards renewable energy in six main markets: Italy, Spain, the United States United States, Brazil, Chile and Colombia.
Source: Ambito
