From Buenos Aires Times · · 1m 20s
AySA Returns to Private Hands in $340m Deal
Argentina's state water utility AySA to be sold to private consortium for $340 million.
In brief
Argentina's state water utility AySA to be sold to private consortium for $340 million. Argentina's state water utility AySA will return to private hands after a consortium won a $340.2 million bid, with the new owner pledging $1.94 billion in infrastructure investment over five years. Originally reported by Buenos…
AySA to return to private hands
State-owned water utility AySA set to return to private hands after a four-firm consortium submitted a winning bid of US$340.2 million.
Consortium led by Filiberti and Román
The winning consortium includes Rowing SA, Arcos Saneamento e Participações SA, PHX AQUA AR BV and Transclor SA, linked to businessman Mauricio Filiberti and entrepreneur Walter Román.
AySA serves 14 million people
AySA provides water and sanitation services to some 14 million people in Buenos Aires City and 26 districts of Buenos Aires Province.
Consortium valuation at $378m
The winning bid places AySA’s valuation at US$378 million, below the US$500 million sought by the Economy Ministry.
Consortium to assume $70m debt
The winning bidders will also assume US$70 million in debt owed by the company.
Consortium appoints technical operator
The consortium has appointed Arcos Saneamento e Participações, part of Brazil’s Equipav Group, as its technical operator.
What matters most
Argentina's state water utility AySA will return to private hands after a consortium won a $340.2 million bid, with the new owner pledging $1.94 billion in infrastructure investment over five years.
