Tag #Arc Energy

What are the immediate consequences of the Impsa privatization for Argentina's economy and its workforce?

Argentina's state-owned metalworks company, Impsa, was privatized, with 85% of its shares sold to Arc Energy for $27 million. Impsa, which manufactures hydroelectric turbines and windmills, had accumulated a debt of nearly $600 million. This sale aligns with the government's aim for a zero-deficit budget, freeing up resources.