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Argentina Enacts Emergency Decrees to Privatize 90% of AySA, Facing Legislative Pushback

Deputies from Unión por la Patria have tabled motions in the Chamber to repeal the emergency decrees authorizing majority privatization alongside service-cut provisions

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La norma impulsada por el Gobierno habilita la venta del 90% del capital accionario de AYSA, hoy en manos de Nación, mediante una licitación pública nacional e internacional.
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Overview

  • Decree 494/2025 authorizes a public tender and a 90-day IPO under CNV supervision to sell 90% of state-owned AySA shares
  • Decree 493/2025 overhauls AySA’s legal framework by allowing supply cuts for non-payment and enabling external financing backed by concession revenues
  • A 330-day tender process launched on July 18, officially kicking off the sale to private and potential foreign investors
  • On July 25, Unión por la Patria deputies introduced a bill to annul both DNUs, citing constitutional breaches and threats to consumer protections
  • Opponents argue the measures prioritize short-term fiscal relief, undermine tariff predictability and risk a foreign takeover, notably by Israel’s Mekorot