Sale closing of controlling stake in Edenor
Buenos Aires, June 30, 2021. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; ByMA: PAMP) informs that today we transferred all our Class A common share ownership representing 51% of the capital stock and votes of Empresa Distribuidora y Comercializadora Norte S.A. (‘Edenor’) to Empresa de Energía del Cono Sur S.A. (the ‘Buyer’), along with the approval of Pampa’s General Ordinary and Extraordinary Shareholder’s Meeting, held on February 17, 2021. Hence, Edenor’s change of control occurred, and the third and final payment milestone over the agreed purchase price of US$40 million is left to be collected (the ‘Balance of the Price’), to be financed a year from today at a nominal annual fixed interest rate of 10%, as per the share sale and purchase agreement announced on December 28, 2020’s relevant event.
The sale of our stake in Edenor reaffirms our efforts to focus on the expansion of efficient power generation and the development of natural gas reserves, key fundamentals to achieve sustainable energy in the country.
For further information, please contact:
Gustavo Mariani – CEO
Gabriel Cohen – CFO
Lida Wang – IR and sustainability officer
The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000