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.
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.
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.
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 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.