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Article: Pampa Energia S.A. Announces a Share Repurchase for up to US$30 Million.
- Article from:
- Science Letter
- Article date:
- September 23, 2008
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As part of Pampa Energia's ("Pampa" or the "Company") (BCBA: "PAMP"; Luxembourg Euro MTF market: "PAMPA") strategy to focus on energy assets and to divest non- strategic assets, and due to the strong impact suffered by local stock prices as a result of the current international macroeconomic environment, Pampa's Board approved the purchase of the Company's shares for up to US$30 million (see also Pampa Energia S.A.).
The funds for the repurchase of said shares shall come primarily from the liquidity made available as a result of the sale of the Alstom GT13E2 turbine carried out by Central Termica Loma de la Lata S.A. ("CTLLL") on September 8 to Alstom ...