Argentina sells 90% stake in Buenos Aires water operator for $340M

Argentina: Argentina is a South American country implementing economic reforms aimed at reducing state ownership in key industries. The nation is advancing the sale of its majority stake in a major utility operator as part of these changes. Javier Milei: Javier Milei serves as President of Argentina and promotes policies focused on privatization and limiting government intervention in the economy. The completion of this utility stake sale stands as a notable achievement in advancing his privatization priorities. Buenos Aires water and sewage operator: The Buenos Aires water and sewage operator manages essential water supply and sewage services for the region. Argentina's decision to divest its 90% stake in the operator aligns with national efforts to transfer such assets to private entities. Privatization Agenda: The transaction advances President Milei's broader push to reduce state involvement across multiple sectors of the Argentine economy.