IMPSA sells new shares to state entities

IMPSA sells new shares to state entities

Corporate & Sovereign Strategy Equity Energy Electricity Latin America South America Argentina

IMPSA, a power plant builder in Argentina, said it raised $20 million in the sale of new shares to two state entities, a move to shore up its finances so it can focus on expanding its international business. Fondep, Argentina's national productive development fund, acquired $15 million worth of shares, while EMESA, the state energy company of Mendoza, picked up another $5 million, IMPSA said in a securities filing. The Godoy Cruz, Mendoza-based company also said the fresh capital will help it co

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