Ashmore Charges up Argy Portfolio

Ashmore Charges up Argy Portfolio

Argentina

Ashmore Energy International’s Spanish subsidiary, AEI Utilities, has offered to acquire a 25% stake in Argentina energy distributor Emdersa for $80.3m in cash, it says in a filing with the Buenos Aires exchange. The purchase increases AEI’s stake in Emdersa to 50%. AEI is acquiring the stake from a consortium made up of JPMorgan Overseas Capital, GPU Argentina Holdings, CoInvest Argentina and other minority investors. After this part of the deal is completed, AEI says it intends top go after th

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