Argentina:

US company GPU Inc. has purchased a 100 per cent stake in three Argentine distribution companies, Edesal, Edelar and Edesa, collectively known as Emdersa. Emdersa was 12 per cent owned by Union Fenosa and 88 per cent by the Exxel Group. Union Fenosa Acex operated the distributors for several years, reducing grid losses and improving management. Union Fenosa Acex will gain a Pta3.3bn ($21.3m) profit from the sale and will continue to provide consultancy services to the companies.