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2025-09-17 11:00:30
Argentina announces partial sale of shares in National Nuclear Power Company (NEA) - On the 16th local time, the Argentine government issued a public statement announcing plans to sell up to 44% of its shares in the state-owned nuclear power company, ENE. The government will continue to hold a 51% stake in the company to maintain its controlling stake. In addition, an employee stock ownership plan will be established, allowing employees to participate in equity distribution. Amidst fiscal constraints, this initiative aims to modernize infrastructure and attract investment. Partial privatization is expected to facilitate the advancement of key projects, including the construction of Argentina's first modular reactor and the development of uranium mines. NEA currently operates the Atucha I, Atucha II, and Embals nuclear power plants. According to the International Atomic Energy Agency, nuclear power plants will generate approximately 7.4% of Argentina's total electricity in 2024. Analysts estimate the company's total market value to be approximately US$1 billion.
