This is a new sale of shares in a company in which the State participates. Transener is the main high-voltage electric energy transportation company in the country.
The Government divests itself of another company, in this case it is Transener SAthe main high-voltage electric energy transportation company in the country. Energía Argentina SA (ENARSA) announced the beginning of the process to divest its entire shareholding.
Currently, the State’s participation is in the hands of Citelec SA, who owns the 51% of Transener class A shares.
“This announcement is aligned with the National Government’s policy of advancing a model where the State stops fulfilling the role of businessman, promoting private participation in strategic sectors,” they announced from the coordination of Energy and Miningwhich is located under the wing of the Ministry of Economy.
The company that the State is seeking to divest from operates a national network that includes nearly 12,400 kilometers of transmission lines.
The Government will implement a series of benefits for the export of hydrocarbons
The Government announced the launch of the decree 929/2013which provides benefits to companies that export at least 20% of their hydrocarbon production. On the amount sold abroad, the company would not pay taxes and, in turn, was given the possibility of maintaining the foreign exchange generated abroad, as long as the company made an investment of more than 250 million dollars in the next 3 years to 2013.
“This Decree, which was approved in 2013 but never applied in its entirety, will finally be effective starting in 2025,” said the coordinator in charge of Daniel Gonzalez.
“In this way, we are ensuring that the national State complies with pre-existing agreements and its obligations,” they concluded..
News in development.-
Source: Ambito
