The Vila-Manzano-Filiberti group bought Edenor from Pampa Energía for $100 mn

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.

Mercado Libre has a turnover of $20 billion and values at $84.6 billion

The company projects a turnover of more than US$ 20 billion for online sales in the region this year, representing a 46% increase. Much of the volume comes from its 3 of 18 countries of operation: Brazil $10.97 billion, Argentina $4.41 billion and Mexico $4.06 billion. Securities on the New York Stock Exchange began to rise from March and reached a valuation of $84.6 billion. It is the most valuable company in Latin America, an achievement for the performance of its original business, eCommerce and also for its thriving financial arm: Mercado Pago.

Sancor Seguros announced $200 million in investments

The Sancor Seguros group will make investments of $200 million over the next two years, the majority of which, $85 million, will be to capitalize and launch Banco del Sol's retail and corporate banking sector. Another essential part of the investments will be for the CITES business incubator. They plan to invest $10 million in the construction of the building and allocate $30 million to incubate new projects. Eighty-five million dollars will be invested in the real estate business for construction and financing. They plan to create at least 800 new direct jobs.

Jujuy promotes alliances with private companies to develop lithium exploration and production on 10,500 hectares.

The state-owned company Jujuy Energía y Minería (Jemse) announced that it has 10,500 hectares of mining properties in salt flats to form strategic alliances to develop exploration and consolidate the province as a significant producer worldwide. Currently, it has around 10,500 hectares in salt flats to form strategic partnerships to develop greenfield exploration.

Extension of AA2000 concession implies the execution of 1.4 bn in the next seven years

The agreement between the Government and Aeropuertos Argentina 2000 will involve an investment of $2.5 billion and will generate 15 thousand jobs. The agreed plan foresees the first $1.4 billion in investments over the next seven years, with works to carry out in airports located in 20 provinces, which will allow for the accelerated recovery and development of the airport system with a federal focus. The extension, foreseen in the original contract, will be extended until 2038.