Argentina's Javier Milei Prepares to Privatize IMPSA on January 20, Awarding Contract to Trump-Linked ARC Energy

Jan 8, 2025, 11:04 AM

The Argentine government, led by President Javier Milei, is set to privatize the state-owned metallurgical company IMPSA. The company has been pre-awarded to ARC Energy, a firm associated with Donald Trump. This marks the first privatization under Milei's administration. The decision comes as Milei prepares for a trip to the United States for Trump's inauguration on January 20. The Evaluating Commission has recommended the transfer of IMPSA's shares, indicating that the company will soon be in the hands of the U.S.-linked investor group.