June 2, 2021 |
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
Argentine power plant builder raises $20 mln from Fondep and EMESA with the aim of beefing up international sales