The control of the Mendoza impa company will pass to Arc Energy. Sources aware of the operation confirmed to the scope that between Tuesday and Wednesday the assembly will be held to formalize the transfer.
Javier Milei’s government advances in his process of State shrinking And he will have a milestone this week. The control of the Mendoza impa company will pass to the American Arc Energy And it will officially transform into the first privatization of this stage.
Sources aware of the process anticipated Scope That at this time the necessary documentation is being signed so that, between Tuesday and Wednesday in Assembly, the new driving is defined. They also confirmed that debt restructuring is already finished.
“It is aimed, at this time the pending documents are being signed with different government agencies so that between Tuesday and Wednesday of this week the assembly will be held”confirmed to this medium a source close to the North American company. In that line, he anticipated that the official photo with the presence of officials of the National Government and the Mendoza Executive will be done in the next few hours.
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For the operation to be completed It was indispensable that Arc Energy manages to restructure a debt of around US $ 570 million. “The negotiation is already closed but it cannot still be communicated due to confidentiality reasons,” said a key manager and anticipated: “The new conditions will bring financial relief to the firm and allow them to move forward with the new investments.”
The sale of Impsa is the first concrete measure of the privatization plan that Javier Milei promised during his campaign as part of a broader state reduction strategy. It will not be the only one. In the last hours the Casa Rosada confirmed the beginning of the process of privatization of the Belgrano Cargas y Logística SA
The Mendoza company had been rescued in 2021 with funds from the National Government and the Provincial Executive. At that time, nationalization was justified with the argument that Impa represented a strategic asset in the energy and technological sector that crosses a process of strong growth in the country.
News in development …
Source: Ambito
