IMPSA to issue new shares

IMPSA to issue new shares

Corporate & Sovereign Strategy Equity Electricity Latin America South America Argentina

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

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