Argentina agrees sale of water utility AySA
Argentina's government confirmed it will sell its shares in water company AySA to a consortium of Argentine and Brazilian companies, with the contract to be signed next month. The sale is part of President Javier Milei's privatization program.
Why it matters
The sale transfers water services for the Buenos Aires metropolitan area to private operators.
Background
AySA was renationalized in 2006. Milei has pursued privatizations to cut state spending.
The story so far
- Argentina pauses dollar bond sales as debt payments loom
- Argentina's monthly exports top $10 billion for first time
- US plans up to $20bn in investment and financing for Argentina
- Argentina agrees sale of water utility AySA
- IMF reaches preliminary Argentina deal
Sources
- Buenos Aires Times ↗Oct 22, 6:36 PM ET
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