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Argentina Finalizes State-Firm Conversions, Clearing Path to 2026 Privatizations

The last registry step places all targeted companies under the General Corporations Law, a prerequisite the Milei government set for potential sales.

Overview

  • Inspector General Daniel Roque Vítolo confirmed the final inscription that converts Ferrocarriles Argentinos into a single-shareholder joint-stock company.
  • The restructurings follow DNU 70/2023 and were executed through the Public Companies Transformation Agency under Decree 644/2024.
  • The government signals a 2026 push to privatize or open to private capital more than a dozen firms, with emphasis on energy and transport.
  • Targets cited include rail and port operators, public media groups, Casa de Moneda, Transener, hydroelectric dams, AYSA, Enarsa, Intercargo, Corredores Viales, and the Hidrovía.
  • One report says a draft tender for Belgrano Cargas is nearly ready and notes interest from Grupo México Transporte conditioned on changes to the investment incentive regime.