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Financial News: ARGENTINA: Pampa Energía Studies Merger With Group's Comp

ARGENTINA: Pampa Energía Studies Merger With Group's Companies

08/23/2017 - 17:31:00 (RTTNews)

(RTTNews) - Argentina's Pampa Energía reported that its Board of Directors instructed managers to launch works aiming possible mergers between Pampa Energía and Pampa Group companies, such as Central Térmica Güemes S.A. and Central Térmica Loma de la Lata S.A., among others.

Pampa Energía estimates that such mergers would have effective reorganization as of October 1.

The Argentinean oil company said that after the acquisition of Petrobras Argentina's assets, Pampa began a process of corporate reorganization aiming to simplify and streamline its structure.

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