Pampa Energía’s shareholders approved the sale of 51% of Edenor for $100 mn

Pampa Energía’s General Shareholders’ Meeting approved the sale of 51% of the shares of Edenor, the country’s leading energy distributor, to Empresa de Energía del Cono Sur S.A. (Edelcos), a company headed by the Vila-Manzano Group in partnership with Mauricio Filiberti. (Edelcos), a company controlled by the Vila-Manzano Group in partnership with Mauricio Filiberti. The amount of the transaction was 25% higher than the market value. Edenor is currently worth approximately $167 million on the stock exchange, and Pampa sold 51% for $100 million.

Source: Infobae