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Argentina Launches Partial Privatization of Nucleoeléctrica With 44% Share Sale

The move triggers a yearlong tender to bring private investment under rules that preserve state control.

Overview

  • Resolution 1751/2025, signed by Economy Minister Luis Caputo and published in the Boletín Oficial, formally starts the process to sell a minority stake in Nucleoeléctrica Argentina.
  • A national and international public tender will offer 44% of shares on the CONTRAT.AR platform with a deadline to close the transaction within 12 months.
  • The State will retain 51% ownership and an affirmative vote on strategic matters under the framework of Laws 27.742 and 23.696.
  • The plan creates a 5% employee ownership program, and NASA’s bylaws will be reviewed to admit private capital.
  • The executing agency and the Energy Secretariat must inventory assets, prepare tender documents, and arrange a valuation by a public bank or, if needed, by independent international or private entities, while opposition senators led by José Mayans filed a bill to halt the sale.