In an important announcement for the Argentine energy sector, a consortium of local entrepreneurs and investment funds has acquired majority control of several key companies in the country's electricity distribution and generation.
The operation, which involves a USD 300 million investment, marks the emergence of Edison Energía, a new company led by the Neuss brothers, the Inverlat Investments fund, and prominent entrepreneurs like Rubén Cherñajovsky and Luis Galli.
The conglomerate took control of the Empresa de Distribución Eléctrica de Tucumán (EDET), the Empresa Jujeña de Energía (EJESA), Líneas de Transmisión del Litoral (LITSA), and the hydroelectric generator CEMPSA in Mendoza.
According to a statement from the investment group, the transaction aims to optimize the operational management of the acquired companies, ensure an efficient and sustainable supply, and advance the transition to clean energy.
"We seek to strengthen our regional presence, offering innovative solutions for the current challenges of the sector, with a focus on technological development and sustainability", the document highlights.
The weight of the new players in the sector
Edison Energía is composed of investors with extensive experience in various sectors. The Neuss brothers, for example, already have a presence in the market through the distributor Edersa in Río Negro and the solar energy generator Harz Energy in Córdoba.
