Pampa Energia Announces the Acquisition of EPCA
BUENOS AIRES, Argentina, Jan. 31, 2011 /PRNewswire/ — Pampa Energia S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP) (“Pampa” or the “Company”), announces that it has accepted an offer to acquire, subject to the fulfillment of certain conditions precedent and to obtaining the relevant regulatory approvals, all of the shares issued by Enron Pipeline Company Argentina S.A. (“EPCA”), a company which owns 10% of the share capital of Compania de Inversiones de Energia S.A. (“CIESA”), which in turn owns 55.3% of the share capital of Transportadora de Gas del Sur S.A. (“TGS”). The total agreed price is US$ 29,000,000.
Pampa Energia is the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity.
For further information, contact: Ricardo Torres - Chief Executive Officer Mariano Batistella - Strategic Planning and Investor Relations 3302 Ortiz de Ocampo, Building #4 (C1425DSR) Ciudad Autonoma de Buenos Aires, Argentina Phone: 5411 4809 9500 http://www.pampaenergia.com/ir ------------------------------ email@example.com
SOURCE Pampa Energia S.A.