Edesur told the stock exchange that it closed 2020 with a loss of 6,065 million pesos ($67.64 mn). In that period, the Italian group Enel owned the electricity distributor recorded a 5.7% drop in energy sales, mainly explained by the collapse in consumption among industries whose activity was affected by the pandemic.
Day: February 25, 2021
The new head of YPF, Pablo Gonzalez, takes office
The board of directors of the oil company YPF yesterday appointed Pablo González, a lawyer from Santa Cruz who has held various positions in the civil service, replacing Guillermo Nielsen.
The economy fell 10% in 2020
Economic activity recorded a 2.2% drop in December compared to the same month in 2019, bringing the total slump to 10% in 2020, according to the National Institute of Statistics and Censuses (INDEC). Despite exhibiting a sharp contraction, the figure was better than expected, mainly because the construction and industry sectors recorded a strong rebound in the second half of the year.
Treasury placed $2.47 bn in the market
The Treasury placed 221.96 billion pesos ($2.47 bn) amid increased investor appetite for peso funding due to the foreign exchange market's calm.
YPF placed debt securities for $122 million
YPF placed Debt Securities for $122 million in two series, reopening the 33-month Dolar linked Class XIV issue and the 42-month UVA (Unidad de Valor Adquisitivo) denominated ON Class XIX, following the restructuring of its debt in the international markets.
