March 18, 2021 |
IMPSA, a power plant builder in Argentina, said its shareholders unanimously approved plans to issue $20 million in new shares as part of a restructuring effort designed to bring in fresh capital for growth.
The shareholders also voted to refrain from exercising their right to buy the shares, meaning that the Class C shares will be offered to the governments of Argentina and Mendoza, a western province where the company is based, IMPSA said in a statement on Tuesday.
The Godoy Cruz, Mendoza-base
Argentine power plant builder lines up the sale of $20 mln in stock as part of its restructuring plans