Overview
- The Economy Ministry published Resolution 1751/2025, launching a national and international tender on CONTRAT.AR with a 12‑month deadline and assigning roles to the Energy Secretariat and the public-sector transformation agency.
- The transaction structure sells 44% of the company in a single block and sets aside 5% for employees through a participation program, with the State retaining 51%.
- The legal framework requires an affirmative state vote for capacity expansions, construction of new plants, non‑technical retirements, and the admission of shareholders who could take control.
- A state-owned bank will value the shares, with the option to engage independent international or private valuers for intangibles due to limits on the national appraisal tribunal.
- Nucleoeléctrica operates Atucha I, Atucha II and Embalse, supplying about 7% of Argentina’s electricity, and opposition senators have introduced a bill to block the sale.