Edenor subsidiary takes 20% stake in Latam Downstream Holdings
EDN•Edenor said its subsidiary Edenor Inversiones subscribed for 20% of Latam Downstream Holdings’ capital and voting rights. The transaction includes a cash payment reflecting certain subsidiary debt assumed by Latam Downstream Holdings.
1. Stake subscription
Edenor disclosed that subsidiary Edenor Inversiones subscribed for a 20% stake in Latam Downstream Holdings, including 20% of its voting rights. The transaction includes a cash payment reflecting certain subsidiary debt assumed by Latam Downstream Holdings, which controls hydrocarbon refining businesses and holds a 3.5% stake in transporter Terminales Marítimas Patagónicas.
