They are seeking to put the share package of the public water company up for sale. They set March 2025 as a possible date.
After the restructuring of the Mint and the decree that provides as “subject to privatization” to Aerolíneas Argentinas -which must be endorsed in Congress-, the national government now aims to sell the share package of Argentine Water and Sanitation (AySA) for March 2025.
The shareholding composition of the national water company is distributed in 10% in the hands of the company’s employees, while another 90% is owned by the State. The delegates who represent the will of the company’s staff have already made known their desire to preserve their share assets, despite the fact that 1,314 people were fired since the change in management. Arguing that so far this year, the maintenance of its services implied an expenditure of public funds around the $70 billionthe Executive wants to get rid of a percentage of those shares.
These figures released by the national government itself contradict a publication on social networks made by the company and which was replicated by the company itself. head of AySA, Alejo Maxitwho took office in April of this year and is close to Mauricio Macri. “During the first 5 months of the year we carry out an action plan that allowed us to reach operating balance and achieve a surplus for the first time in the company’s history“, indicates the statement, where the funds required by the company for its operation are disseminated when offering the water access service.
What privatization model does the Government think?
If you advance with the operation of privatization of AySAthe national government will choose two alternatives. One of them is to launch the share package – or a percentage of it – for sale at the Stock Market and that the financial market begins to bid on the company’s price by demand. The other option would be to call a national and international public tender and decide on the best offer received.
In all cases, and based on an article approved in Congress during the debate of the Law Bases Regarding privatization processes, any initiative to sell state companies will require legislative support. In this sense, the Government sees its possibilities in both chambers with optimism, after the parliamentary vote included its own AySA on a list of priorities to privatize along with Impsa, Tandanor, Nucleoeléctrica, Belgrano Cargas, Argentine Trains Operations, Road Corridors, Casa de Moneda, Enarsa, Intercargo and Río Turbio Coal Deposits.
Source: Ambito
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