History

The Company was incorporated as an Argentine limited liability corporation (sociedad anónima) in 1945 under the name Frigorífico La Pampa S.A. In 2003, the former business activities, which were limited to the ownership and operation of a warehouse building, were suspended. In 2005, the Company was acquired by the principals of Grupo EMES (formerly Grupo Dolphin), an Argentine private equity group, to serve as a corporate vehicle for its investments in Argentina. The name was changed first to Pampa Holding S.A., and subsequently to Pampa Energía S.A., given the Company’s focus on the energy industry.

Since this change, it begins a story highlighting one goal: to become one of leading energy companies in Argentina. The following timeline summarizes the Company’s milestones:

November 2005: Pampa is Born
Senior members of Grupo EMES (formerly known as Grupo Dolphin) acquired Pampa Energía to channel their acquisitions in the energy sector.
May 2006: First Capital Increase
Pampa increases its capital stock in 140 million shares at AR$1 per share.
September 2006: Second Capital Increase and Transener‘s Co-control Acquisition
Pampa increases its capital stock in 300 million shares at AR$1.15 per share.
October 2006: Pampa Acquires a Controlling Stake of Hidroeléctrica Los Nihuiles and Hidroeléctrica Diamante
December 2006: Pampa Acquires a Controlling Stake of Central Térmica Güemes
February 2007: Third Capital Increase
Pampa increases its capital stock in 600 million shares at AR$2.23 per share.
May 2007: Pampa Acquires Central Térmica Loma de la Lata
August 2007: Pampa Acquires Central Térmica Piedra Buena
September 2007: Fourth Capital Increase and Acquisition of Edenor‘s Controlling Stake
Pampa acquires controlling stake of Edenor through a share swap. Pampa increases its capital stock in 480 million shares at AR$2.61 per share to carry out the exchange.
July 2008: Central Térmica Güemes Completes 100 MW Capacity Expansion
The first unit under the Energía Plus scheme.
September 2008: Pampa Initiates its Share Repurchase Programs
More than 200 million shares were bought back, being later cancelled in the capital stock.
October 2009: Pampa Started Trading its ADSs in the NYSE
Under the ticker ‘PAM’ as sponsored ADSs (American Depositary Shares) level II program.
November 2011: Commissioning of the Combined Cycle at Central Térmica Loma de la Lata
Electricity to be sold as PPA contract with CAMMESA.
July 2012: Fifth Amendment to CIESA’s Outstanding Debt Restructuring Agreement
Settlement of the defaulted debt, which was acquired in January 2011, and designation of Pampa Energía as the CIESA Trust’s beneficiary, which holds 40% of CIESA, the controlling company of TGS.
January 2014: Petrolera Pampa, the E&P Subsidiary of Pampa, Starts Trading its Shares at the BCBA
Petrolera increases its capital stock by 59.7 million common shares at AR$1.6 per share.
July 2016: Acquisition of Petrobras Argentina
Pampa acquires the controlling stake of Petrobras Argentina, thus becoming one of the leading energy companies in Argentina.
November 2016: Effective Merger with Petrobras Argentina
Pampa and Petrobras Argentina operate as a single entity, setting the effective date of merger as of November 1, 2016.
January 2017: Corporate Bond Issuance for US$750 million
Pampa places the Series 1 Corporate Bond (CB), which was dollar-denominated and bore interest at a fixed rate for a face value of US$750 million. The issuance price was 99.136% of the par value, at a 7.5% nominal fixed annual rate, yielding 7.625% and maturing 10 years as from issuance.
August 2017: Commercial Commissioning of New Gas Turbine at Central Térmica Loma de la Lata and Central Térmica Parque Industrial Pilar
  • Expansion of a 100 MW capacity at Central Térmica Loma de la Lata

  • Commercial commissioning of Central Térmica Parque Industrial Pilar with a 100 MW capacity

December 2017: Commercial Commissioning of Central Térmica Ingeniero White
The Central Térmica Ingeniero White with a 100 MW capacity started commissioning.

June 2018: Commercial Commissioning of the First Wind Farm Engineer Mario Cebreiro
Commercial Commissioning of the first Wind Farm Engineer Mario Cebreiro with a 100 MW capacity, which given the technology and size, it is also the first project to reach such milestone under Renovar 1 program.