Argentina Hiking | 2024 #7

BACP is a leading independent Investment Banking Firm in Latin America, delivering best-in-class financial and strategic advisory services to founders, companies, and financial sponsors on M&A and Capital Raising transactions.

Public Markets

Need to Know

✅ The Argentine Government is reportedly considering selling part of its stake in AySA , the public services concessionaire responsible for providing drinking water and sewage services to the City of Buenos Aires and 26 districts in Buenos Aires province. The national government maintains a 90% ownership stake in the company, with the remaining 10% held by employees. La Nación

✅ The Argentine Government is reportedly considering selling part of its stake in Arsat , the national telecommunications company. The government could sell up to 49% stake and they expect to implement a mixed-ownership model, allowing private investment while retaining majority control. Ámbito

✅ The IDB has announced a financing package of up to U$ 3.8B for the country. This commitment includes U$ 2.4B in support for the public sector, aimed at enhancing national spending efficiency and fiscal sustainability. The remaining funds will be allocated to the private sector to catalyze investments in key areas such as agribusiness, infrastructure, energy, and mining. Cronista

Deals & Investments Activity

⭐ Mobile Computing, a highly regarded software development services provider based in Argentina, has been acquired by Grid Dynamics, a US-based provider of technology consulting, platform and product engineering, AI, and digital engagement services. Buenos Aires Capital Partners served as exclusive strategic and financial advisor to Mobile Computing on this transaction. Business Wire

⭐ Rio Tinto , the Anglo-Australian mining company, has acquired Arcadium Lithium for U$ 6.7B in cash. The transaction comprises all of Arcadium's operations in Argentina: the Fénix and Sal de Vida projects in Catamarca; Olaraoz I and II and Cauchari in Jujuy. Ámbito

⭐ Aleph Group, Inc , a global network of digital experts and technology driven solutions, has acquired a controlling stake in Localpayment , a payment service provider in LatAm with presence in 17 countries. Aleph Announcement

⭐ YPF LUZ , has secured a U$ 420M in funding through an international bond issuance at 7.87% interest rate. Forbes

⭐ Vista , a prominent player in the development of Vaca Muerta shale oil resources, has secured a U$ 150M in funding through a domestic bond issuance at 7.65% interest rate. VISTA Announcement

⭐ Crown Point Energy Inc , a Canadian international oil and gas exploration and development company, and Pan American Energy , a leading energy company engaged in upstream, midstream, downstream and electricity generation businesses, have finalized an agreement for the transfer of rights to the Piedra Clavada and Koluel Kaike oil and natural gas producing areas in the province of Santa Cruz. This transaction includes a significant investment commitment, potentially reaching U$ 90M to further develop these assets. Globe Newswire

Earnings Calendar & Events

🔔 Pampa Investor Day 2024 will take place on October 16th. Event details and registration

🔔 The 2024 Argentine Investment Forum will take place on October 29th at Palacio Libertad. Events details and registration

🔔 The IDB Lab Forum 2024 will take place on October 31st to November 1st at Hilton Buenos Aires. Event details and registration

🔔 Labitconf will take place on November 1st and 2nd at Costa Salguero. Event details and registration

🔔 Pampa Energia will announce Q3.2024 results on November 6th. Events calendar

🔔 Tenaris will announce Q3.2024 results on November 6th. Events calendar

🔔 Mercado Libre will announce Q3.2024 results on November 6th (subject to confirmation). Events calendar

🔔 LOMA NEGRA will announce Q3.2024 results on November 7th. Events calendar

🔔 BBVA en Argentina will announce Q3.2024 results on November 20th. Events calendar

🔔 The 3rd edition of Argentina & LatAm Lithium Summit will take place on November 20th and 21st at Golden Center Buenos Aires. Event details & registration

🔔 Grupo Supervielle will announce Q3.2024 results on November 25th. Events calendar

🔔 AI in LatAm event will take place on November 28th at Centro de Convenciones Buenos Aires. Event details & registration

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