IMPSA is one step away from becoming private: which company wants to buy it?

IMPSA is one step away from becoming private: which company wants to buy it?
IMPSA is one step away from becoming private: which company wants to buy it?

The governedAlfredo Cornejo confirmed that the process has begun for the state to stop having participation in IMPSA. It is a capitalization plan where state shares will be acquired by a private partyCornejo said the goal is for the company to become successful again and to guarantee jobs.

Governor Alfredo Cornejo and the Secretary of Planning and Management for Productive Development and Bioeconomy, Juan Pazo, announced how the process will begin IMPSA stock and capitalization session.

According to them, “The process aims to achieve the cleanup of the company, whose debt currently amounts to US$ 500 million, guarantee the continuity of its operations, which generate more than 700 jobs and feed an extensive network of SME suppliers and, finally, achieve its capitalization.”

Which company would buy IMPSA?

ARC Energya well-known US company based in Houston, has expressed interest in acquiring IMPSA, the iconic Argentine metalworking company. This announcement was made after the National Government and the Province of Mendoza reached an agreement for its privatization.

The firm intends to inject 30 million dollars into the former Pescarmona for its capitalization.

In an official statement, ARC Energy highlighted its position as a world leader in the manufacturing and marketing of plants and equipment for the Oil and Gas industry.

The company formally expressed its intention to acquire and capitalize IMPSA, a company with great potential in the energy sector.

The projected capitalization will be allocated to IMPSA’s working capital and will be managed through the American Investment Fund (IAF), which specializes in the energy sector.

 
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