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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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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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