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Argentina Kicks Off AySA Privatization With 90% Stake Sale

Supervised by the CNV, the plan uses a 330-day tender followed by a 90-day IPO to deploy private funds for upgrading water infrastructure.

AySA brinda el servicio de agua a 11 millones de personas
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AySA podrá ser privatizada en los próximos meses.

Overview

  • On July 18, the government formally launched the transfer of 90% of Aguas y Saneamientos Argentinos (AySA) shares to private investors through a mixed national and international bidding process coupled with an IPO.
  • Under CNV oversight, the initial 330-day tender will select a strategic operator before a subsequent 90-day public offering opens additional share sales to broader investors.
  • AySA employees will maintain a 10% stake via the existing Participated Ownership Program to safeguard worker involvement in the company’s future.
  • Officials argue that privatization is needed after more than $13.4 billion in state subsidies since 2006 and rising infrastructure decay, staff growth and user delinquencies.
  • This transaction marks the first major sale under President Milei’s Ley de Bases privatization agenda, with other state enterprises lined up for similar transfers.