The privatization of impa You must wait a few more days. The initial term requested by the American firm Arc Energy To renegotiate the debt to the creditors of the metallurgical won today January 31. And now he requested an extension until February 10 To complete that agreement.
This previous step in the process of The first privatization of Javier Milei’s management It is fundamental. The buyer put it as a condition to take care of the state company.
Impsa debt amounts to about US $ 570 million And the Americans warned that without a restructuring agreement they will not advance in the purchase of the majority of the share package.
The main creditors are the Bank of the Province of Buenos Aires, the Mortgage Bank, the BICE Bank, Export Development Canada, the Andean Development Corporation, the Bradesco Brazilian Bank, holders of negotiable obligations (ON), among others of minor porte.
Although the deadline with the expected results were not reached, from the Acquisitions Fund Industrial Investment Fund (IAF), which controls Arc Energy, they are convinced that discussions They are aimed and an agreement will be reached.
Therefore, they set as a new tentative date on February 10, a request that Discount that it will be endorsed for the National Government entity that manages the sale.
Strictly speaking, debt renegotiation It has been developing at an accelerated pacetaking into account that it began in mid -December. Processes of this type of debts with similar amounts demand no less than six months of discussionsaccording to investment bank experts.
The US group’s proposal is to redeem the debt that begins to overcome this year for A dollar bonus to pay between 2028 and 2035. But since there are some creditors that They want to charge before, They do not agree on THE AMOUNT OF QUITA that could be applied in those cases.
Once the Global Debt Restructuring Agreement is signed with most creditors can be specified The capital contribution of US $ 27 million included in the privatization agreement to clean up Impa and put it again in the productive ring.
The privatization of impa involves only 85% of the shareholding packageaccording to what was established from the Bidding Evaluation Committee.
Currently, 63.7% of the capital is held by the Nation through the National Productive Development Fund (FONDEP), and another 21.2% belong to the province of Mendoza. The family of the Founder Enrique Pescarmona retains 5.3% of an armed trust after the last shareholding in 2016. and the remaining 9.8% corresponds to creditors who also claim for their rights at the table that negotiates the restructuring of the liabilities
Source: Ambito
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