Presidential spokesperson Manuel Adorni announced this Friday during the press conference at Casa Rosada that Javier Milei's government will begin the process to privatize Agua y Saneamientos Argentinos (AySA), in which 90% of the company's shares will be put up for tender, retaining the current employees.
"First of all, I want to inform you that the national government has decided to initiate the privatization process of AySA," Adorni announced, and detailed: "This way, private capital will be incorporated through the transfer of 90% of the company's shares, which are currently held by the State."
According to the presidential spokesperson, this will be done "through a mixed scheme, which combines a national and international public tender to select a strategic operator and an initial public offering to open the company's capital to other investors."
