The Vila-Manzano-Filiberti Group purchased Edenor from Pampa Energía for $100 mn. Yesterday formalized 51% of the shares of Edenor by Pampa Energía to the group formed by the businessmen Daniel Vila, José Luis Manzano and Mauricio Filiberti. The operation was closed at $95 million in cash, paid in three instalments, plus a "contingent" payment, which would bring the amount to close to $100 million. Edenor operates the largest electricity distribution network, with 3.2 million customers, approximately 20% of the country's total electricity demand.
Day: December 29, 2020
International soybean prices consolidate at $460 per ton
The soybean price remains in the $460 per ton zone, its highest value in six years despite closing yesterday at a low of $4 per ton. With a rise of around 52% since March, not only did the producer's profitability improve, but it also managed to revalue the crop by over $4.8 billion.
Renewable energy sales grew 21% year-on-year
Renewable energy generator Genneia reported its financial performance for the third quarter, highlighting that sales increased in dollars by 21% year-on-year and accumulated $229.2 million in the first nine months of the year. The company also noted that profit before interest, taxes, depreciation and amortisation grew by 25% compared to the same period in 2019.
Agribusiness: December foreign currency settlement would be less than $1 billion
December would close with a dollar income of less than $1 billion with an annual cumulative under $20 billion, thus showing a year-on-year drop of over 15%. According to the agribusiness sector, the cereal ports' strike throughout the country turned into a knockout blow for the foreign currency settlement in 2020, which was already in decline.
Lithium exports could grow to 2.1 bn in 10 years
The government plans to capitalise on the new wave of demand for lithium in the short term. It expects to increase the soft metal exports, which currently stands at around $190 million a year, to over $2.1 billion in a decade.
