Argentina's IMPSA Becomes First State Firm Privatized Under President Milei - PRESS AI WORLD
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Argentina's IMPSA Becomes First State Firm Privatized Under President Milei

share-iconThursday, January 09 comment-icon1 week ago 8 views
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reutersREUTERS
Argentina's IMPSA Becomes First State Firm Privatized Under President Milei

Credited from: REUTERS

  • Argentina's government has completed the privatization of IMPSA, according to the economy ministry's announcement on January 8.
  • The metal firm will be transferred to the U.S.-based Industrial Acquisition Fund (IAF), led by Arc Energy.
  • This marks the first privatization under President Javier Milei, who assumed office over a year ago.
  • Milei's administration is focusing on reducing government size and aims for a "zero deficit" budget through such privatizations.
  • The IAF will inject $27 million but needs creditor approval to renegotiate IMPSA's existing $576 million debt.

For more details, visit the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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