Argentina Hiking | 2024 #3

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Public Markets

Need to Know

✅ The Argentine government has successfully secured U$ 1.5B in funding through a domestic bond issuance. This debt instrument offers a fixed monthly interest rate of 3.95%, demonstrating a notable reduction compared to the previous funding rate in March 2024 of 4.5%. Ámbito Financiero

✅ J.P. Morgan, the MSCI index provider, has stated that a potential upgrade of Argentina as an Emerging Market status, could trigger potential investor money inflows of U$ ~1B poured into the country's stocks. Reuters

Deals & Investments Activity

⭐ The Argentine Government is advancing its privatization agenda as outlined in the Ley de Bases, starting with 4 hydroelectric companies: Alicurá, El Chocón, Cerros Colorados, and Piedra del Águila. These energy generation companies have been operating under temporary concession extensions, following the expiration of their original term due date earlier this year. Ámbito Financiero

⭐ Ganfeng Lithium LATAM, the world's leading lithium metals producer with operations in Salta and Jujuy provinces, has acquired a 14.9% stake in the Pastos Grandes lithium brine project located in Salta province for U$ 70M. Junior Mining Network

⭐ Grupo Gaman, a leading Argentine insurance services provider, has acquired APRYMA | Prevención de Riesgos y Medioambiente, a Chilean peer. This acquisition aims to expand Grupo Gaman’s service offerings and further consolidate its presence within the region. Ámbito Financiero

⭐ Aluar, a leading aluminum producer in Argentina, has announced a U$ 400M in its eolic park located in Puerto Madryn. This investment aims to complete the 5th phase of the Aluar Eolic Park, resulting in a total installed capacity of 582 MW. Mejor Energía  

⭐ Grupo Unipar, a prominent producer of chlorine and the 2nd-largest PVC producer in South America with operations in Brazil and Argentina, has announced a U$ 300M strategic investment dedicated to sustainability initiatives across both countries. This investment will be deployed by 2030, with U$ 76M already allocated in 2023, as detailed in the company's 3rd sustainability report. Ámbito Financiero

⭐ Kobrea Exploration, a mineral exploration and development company specializing in the acquisition and exploration of base metal projects in North and South America, has executed an exclusive option agreement to acquire up to a 100% interest in select mineral properties located in Mendoza province. Resource World

⭐ Galan Lithium Ltd, the Australian mining company, has announced that they will not proceed with the unsolicited, conditional, non-binding indicative proposal regarding a potential acquisition of the Salar Hombre Muerto lithium brine projects located in northern Argentina. Official announcement

Earnings Calendar & Events

🔔 Pampa Energía announced Q2.2024 results on August 7th. Pampa announcement

🔔 LOMA NEGRA announced Q2.2024 results on August 7th. Loma Negra announcement

🔔 Edenor announced Q2.2024 results on August 7th. Edenor announcement

🔔 YPF SA announced Q2.2024 results on August 9th. YPF announcement

🔔 Central Puerto announced Q2.2024 results on August 9th. Central Puerto announcement

🔔 Adecoagro announced Q2.2024 results on August 12th. Adecoagro announcement

🔔 Telecom Argentina announced Q2.2024 results on August 13th. Telecom announcement

🔔 Banco Supervielle announced Q2.2024 results on August 14th. Supervielle announcement

🔔 Despegar announced Q2.2024 results on August 15th. Despegar announcement

🔔 Globant announced Q2.2024 results on August 15th. Globant announcement

🔔 Grupo Financiero Galicia S.A. will hold Ordinary and Extraordinary Shareholders Meeting on August 20th. Galicia announcement

🔔 BBVA en Argentina will announce Q2.2024 results on August 21st. BBVA events calendar

🔔 Banco Macro will announce Q2.2024 results on August 22nd. Banco Macro events calendar

🔔 The 18th Argentine E-Commerce Day will take place on August 28th, 29th and 30th in the Buenos Aires Convention Center. Event details and registration

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