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Argentina energy producer Genneia weighs IPO

18th January 2018

By: Reuters

  

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BUENOS AIRES – Argentine thermal and renewable energy producer Genneia will consider an initial public offering on the local or international stock market, the company said in a letter to the Buenos Aires stock exchange on Wednesday.

The proposal will be discussed at a shareholders meeting on February 7, said the letter from the company, which currently is privately owned.

Genneia owns seven thermal plants in Buenos Aires and Entre Rios provinces and a wind power park in the Patagonian province of Chubut. Last October, it announced plans to provide cement producer Loma Negra Compania Industrial Argentina with renewable energy through 2037.

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Edited by Creamer Media Reporter

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