IMPSA seeks to restructure debt

IMPSA seeks to restructure debt

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Argentina's IMPSA, a financially struggling power plant builder, said it will seek creditor approval to restructure most of its debts and then sell shares in an initial public offering (IPO), moves that comes after it failed to find a partner to invest in the business. The Godoy Cruz, Mendoza-based company said that in the first stage of the restructuring process it wants to swap $536 million in existing debt for new loans and local and international bonds, all denominated in US dollars and with

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