The Neuss family and Newsan are participating in the bidding for a significant stake in Transener, a major power transmission company in Argentina, with expectations of reaching $200 million.
The Neuss family, known for their ownership of Havanna and connections within the energy sector, alongside the Newsan group, is set to participate in a crucial bid for the sale of a 50% stake in Citelec, which controls Transener. This event is noteworthy as it will take place on March 23, where the Argentine government will open offers that are anticipated to generate approximately $200 million. Transener is responsible for operating 85% of the country's high-voltage transmission lines, making its ownership critical to Argentina's energy infrastructure.
The interests in acquiring this stake extend beyond the Neuss family, with Edison Energía, an investment vehicle led by brothers Patricio and Juan Neuss, also expressing intentions to acquire shares due to their recent expansion in Argentina's electrical sector. Location-wise, the corporate maneuvering reflects a significant effort in strengthening positions within the energy market, especially considering Transener’s role in managing and supervising the vast majority of high-voltage networks, a pivotal component of Argentina's electricity supply.
This strategic move comes amid an evolving landscape in Argentina’s energy sector, where investment in infrastructure is vital for meeting national energy demands. The potential acquisition, should the Neuss family and Newsan succeed, aligns with broader governmental objectives for privatization and modernization of state-owned enterprises, thus signaling how private investments might significantly shape the future energy dynamics in Argentina.
