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Central Puerto to buy out minority shareholders in Costanera

Central Puerto to buy out minority shareholders in Costanera

March 20, 2023 | Charles Newbery
Argentine power generator seeks 100% control after buying Enel's stake for $48 mln

M&A Equity Capital Markets Electricity Argentina Italy

Central Puerto, the second-largest power generation company in Argentina, said Friday that it will launch an offer to buy out the minority shareholders in Central Costanera, taking its control to 100% after acquiring a 75.7% stake last month. Through a wholly owned unit called Proener, Central Puerto will offer to pay ARS83.46 ($0.41) per share to purchase the 24.3% of the shares listed on the Buenos Aires Stock Exchange, according to a securities filing. Banco Galicia is managing the offer. Cos

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