Argentina’s Economic Shock Therapy Leads Enel to Delay Sale of Power Distributor ...Middle East

Enel has decided to hold off the sale of a power distribution company it operates in Argentina, as it expects the country’s new president to deregulate the electricity market, making the company, Edesur, more valuable. Libertarian Javier Milei has bet on a shock therapy in his attempt to turn Argentina’s economy around and that therapy includes deregulating the electricity market and removing subsidies and price controls that kept electricity affordable for Argentinians but produced losses for Edesur. Bloomberg cited several…

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