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Argentina's Emdersa Slashes IPO

Dec 6, 2007

Argentine power distributor Emdersa pushed its IPO through hostile market conditions Wednesday, but it was forced to settle for just $60m, around 30% of the amount originally targeted. Moreover, the selling shareholders,...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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