DOCSLIB.ORG

Vista Oil & Gas, S.A.B. De C.V

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Vista Oil & Gas, S.A.B. De C.V DISCLOSURE DOCUMENT (FOLLETO INFORMATIVO) VISTA OIL & GAS, S.A.B. DE C.V. Javier Barros Sierra No. 540, Torre 2, Piso 2, Colonia Lomas de Santa Fe, C.P. 01210, Álvaro Obregón, Ciudad de México, México http://www.vistaoilandgas.com Ticker Symbol: “VISTA” February 19, 2018 STATEMENT REGARDING OUR CORPORATE REORGANIZATION This disclosure document (folleto informativo) is being submitted by Vista Oil & Gas, S.A.B. de C.V. (“we,” “us” or “Vista”) pursuant to Article 104- IV of the LMV, and Article 35 and Exhibit P of the Ancillary Securities Market Regulations. Capitalized terms used in this disclosure document have the meanings assigned to them in “Glossary of Defined Terms” below. We hereby advise our shareholders and the public that our board of directors has authorized us to submit the Transaction (as defined below) to our shareholders for approval at an ordinary general shareholders’ meeting thereof. The Transaction will constitute the “Initial Business Combination” referred to in our corporate bylaws, the Warrant Indenture, the Warrant Global Certificate, the Shareholders’ Resolutions, the Strategic Partners Agreement, the Shareholders’ Agreement and other related documents. Summary of the Transaction Upon recommendation from our board of directors, we hereby advise our shareholders and the public investors that we propose to enter into the following Transaction (as defined below): (i) The acquisition from Pampa Energía S.A. (“Pampa”) of: (a) 58.88% of the capital stock of Petrolera Entre Lomas S.A. (“PELSA” or the “PELSA Shares,” as the context may require), an Argentine company that holds a 73.15% operating interest in three exploitation concessions in the Neuquina basin in the provinces of Neuquén and Río Negro, Argentina, one of which extends into the core of the Vaca Muerta unconventional play; (b) a 3.85% direct interest in the concessions described in (a) above; and (c) a 100% interest in the exploitation concessions 25 de Mayo-Medanito (“Medanito”) and Jagüel de los Machos (“Jagüel” or “JDM”) in the Neuquina basin in the province of Río Negro, Argentina; and (ii) The acquisition from Pluspetrol Resources Corporation (“Pluspetrol”) of: (a) 100% of the capital stock of APCO Oil & Gas International Inc. (“APCO International” or the “APCO O&G Shares,” as the context may require); and (b) 5% of the capital stock of APCO Argentina S.A. (“APCO Argentina” or the “APCO Argentina Shares,” as the context may require). APCO International, a Cayman Islands company, holds (a) 39.22% of the capital stock of PELSA; (b) 95% of the capital stock of APCO Argentina; and (c) through its Argentine branch, (1) a 23% interest in the three exploitation concessions operated by PELSA as described in sub-paragraph (i) above; (2) a 45% non-operating interest in an assessment block in the Neuquina basin in the province of Neuquén, Argentina, that extends into the core of the Vaca Muerta unconventional play; (3) a 55% operating interest in an exploitation concession in the Neuquina basin in the province of Neuquén, Argentina; (4) a 1.5% non-operating interest in an exploitation concession in the Noroeste basin in the province of Salta, Argentina; (5) a 16.9% non- operating interest in an exploitation concession in the Golfo San Jorge basin in the province of Santa Cruz, Argentina; and (6) a 44% non- operating interest in an exploration agreement for a site located in the Golfo San Jorge basin in the province of Santa Cruz, Argentina. APCO Argentina, a company incorporated in Argentina, holds a 1.58% equity interest in PELSA, which, together with APCO International’s equity interest in PELSA account for 40.80% of the capital stock of PELSA. APCO International has entered into a share purchase agreement pursuant to which it has agreed to sell to a third party 100% of the capital stock of APCO Austral S.A., a wholly-owned subsidiary of APCO International (directly and, indirectly, through APCO Argentina). The consummation of such sale remains pending and, accordingly, such shares are excluded from the Transaction. Pluspetrol, which will receive the proceeds from such sale, has agreed to indemnify us against, and hold us harmless from, any liability that may arise in connection therewith. The transactions described in sub-paragraphs (i) and (ii) above are individually referred to in this disclosure document as “Acquisitions” and, collectively, as the “Transaction.” Upon its approval by our shareholders at a general shareholders’ meeting, the Transaction will constitute the “Initial Business Combination” for the purposes of our corporate bylaws, the Warrant Indenture, the Warrant Global Certificate, the Shareholders’ Resolutions, the Strategic Partners Agreement, the Shareholders’ Agreement and other related documents. Upon successful consummation of the Transaction, we would hold: a) Capital stock in the following entities (collectively, the “Equity Interests”), either directly or indirectly: • 99.68% of the capital stock of PELSA; • 100% of the capital stock of APCO International; and • 100% of the capital stock of APCO Argentina S.A. b) Direct interests in the following exploitation concessions (collectively, the “Direct Interests”): • A 100% interest in the exploitation concessions Medanito and Jagüel (the “25M-JM Interest”); and • A 3.85% interest in the exploitation concessions Entre Lomas (“Entre Lomas”), Bajada del Palo (“Bajada del Palo”), and Agua Amarga (“Agua Amarga”) (the “EL-AA-BP Interest”). Upon the acquisition of the Equity Interests and the Direct Interests, we will hold, directly or indirectly, the following interests in the following exploitation concessions, assessment blocks and exploration agreements in Argentina, with most of them located in the Neuquina basin: (i) In the Neuquina basin: a) A 100% operating interest in the exploitation concessions Medanito and Jagüel; b) A 100% operating interest in the exploitation concessions Entre Lomas, Bajada del Palo, and Agua Amarga; c) A 55% operating interest in the exploitation concession Coirón Amargo Norte (“Coirón Amargo Norte”); d) A 45% non-operating interest in the assessment block Coirón Amargo Sur Oeste (“Coirón Amargo Sur Oeste”) (which is operated by Shell through its Argentine affiliate O&G Developments LTD S.A.); and (ii) In the Golfo San Jorge basin: a) A 16.9% non-operating interest in the exploitation concession Sur Río Deseado Este (which is operated by Roch1); b) A 44% non-operating interest in the exploration agreement Sur Río Deseado Este (which is operated by Quintana); and (iii) In the Noroeste basin: a) A 1.5% non-operating interest in the exploitation concession Acambuco (which is operated by Pan American Energy LLC through its Argentine branch). Upon consummation of the Transaction, we believe that Vista will become one of the main oil and gas producers in Argentina, with an attractive balance between current profitable production and a significant opportunity to develop the Vaca Muerta unconventional play. Our combined business on a pro forma basis would include proved reserves of 55.7 MMBoe (based on information as of December 31, 2016), average daily production of 27,472 boed (based on information for the first nine months of 2017), and in excess of 137,000 acres in the Vaca Muerta unconventional play. Our Vaca Muerta acreage on a pro forma basis would include approximately 54,000 net acres in the core unconventional play, adjacent to blocks that have already completed their pilot tests or are already under development, and contain Vista-operated hydrocarbon treatment and transport infrastructure with sufficient spare capacity to start the initial development phase immediately. We intend for Vista to operate almost all of its proved reserves and production, and approximately 90% of its core Vaca Muerta net acreage. Upon consummation of the Transaction, based on the average daily production information accumulated from January 1, 2017 through September 30, 2017 published by ME&M, Vista would become the fifth largest oil producer and operator in Argentina. Conditions Precedent for the Consummation of the Initial Business Combination Pursuant to Mexican law and our bylaws, the consummation of the Initial Business Combination is subject to the approval of the Transaction by the affirmative vote of the simple majority of the shares present or represented at the general shareholders’ meeting, whereas the existing funds in the Escrow Account, together with any other additional funds that Vista may have available, shall be sufficient to fund the purchase price and costs related with such Initial Business Combination. For additional information with respect thereto, see “Information Relating to the Acquisitions—Description of the Transaction.” Characteristics of Our Securities Prior to and Following the Transaction and the Approval of the Initial Business Combination The rights of Series A Shareholders will not change as a result of the approval of the Transaction at our general shareholders’ meeting; provided, that only to the extent the Initial Business Combination is approved and consummated: • The full amount held in the Escrow Account will be used to (i) reimburse or pay in cash any amounts due to those Series A Shareholders who have elected to have their Series A Shares reimbursed, as notified to us no later than two Business Days prior to the general shareholders’ meeting at which the Initial Business Combination is approved, for a pro rata share pursuant to our Shareholders’ Resolutions; and (ii) after all cash reimbursements and payments described in
Load more

Recommended publications
  • Pampa Energía S.A
    SUPLEMENTO DE PROSPECTO PAMPA ENERGÍA S.A. OBLIGACIONES NEGOCIABLES CLASE 1 DENOMINADAS EN DÓLARES A TASA FIJA CON VENCIMIENTO A LOS 5, 7 O 10 AÑOS CONTADOS DESDE LA FECHA DE EMISIÓN POR UN VALOR NOMINAL DE HASTA US$500.000.000 (AMPLIABLE POR HASTA US$1.000.000.000) A EMITIRSE EN EL MARCO DEL PROGRAMA DE EMISIÓN DE OBLIGACIONES NEGOCIABLES SIMPLES (NO CONVERTIBLES EN ACCIONES) POR HASTA US$ 1.000.000.000 (O SU EQUIVALENTE EN OTRAS MONEDAS) Este suplemento de prospecto (el “Suplemento”) corresponde a las Obligaciones Negociables Clase 1 denominadas en Dólares a Tasa Fija con Vencimiento a los 5, 7 o 10 años contados desde la Fecha de Emisión (las “Obligaciones Negociables”), a ser emitidas por Pampa Energía S.A. (indistintamente, la “Sociedad”, “Pampa Energía”, la “Compañía” o la “Emisora”) en el marco del Programa de Emisión de Obligaciones Negociables Simples (No Convertibles en Acciones) por hasta US$1.000.000.000 (o su equivalente en otras monedas) (el “Programa”). La oferta pública de las Obligaciones Negociables en Argentina está destinada exclusivamente a Inversores Calificados (tal como dicho término se define más adelante). Las Obligaciones Negociables serán emitidas de conformidad con la Ley N° 23.576 y sus modificatorias (la “Ley de Obligaciones Negociables”), la Ley N° 26.831 de Mercado de Capitales, sus modificatorias y reglamentarias, incluyendo, sin limitación, el Decreto N° 1023/13 (la “Ley de Mercado de Capitales”) y las normas de la Comisión Nacional de Valores (la “CNV”) según texto ordenado por la Resolución General N° 622/2013, y sus modificatorias (las “Normas de la CNV”) y cualquier otra ley y/o reglamentación aplicable.
    [Show full text]
  • New Minimum Capital for Commercial Companies
    CHEVRON AND YPF ANNOUNCED THEIR INTENTIONS TO DISCUSS A STRATEGIC ALLIANCE FOR THE EXPLORATION OF SHALE RESOURCES IN ARGENTINA Argentina's state-controlled oil company is holding important meetings with California-based Chevron Corp. to share strategies for developing the world's third-largest unconventional oil and gas reserves. YPF CEO Miguel Galuccio is calling his talks with Chevron's Latin America chief Ali Moshiri the first step toward a strategic alliance with Chevron, Latin America's leading private energy investor. He says YPF needs partners with Chevron's power and experience to develop Argentina's shale reserves, which trail only the U.S. and China in potential. The encounter between the two executives did not lead to any specific investment news, but sets the stage for Galuccio's formal presentation next Thursday August 30 of a five-year plan for the company Argentina expropriated from Spain's Grupo Repsol. YPF said Mr Moshiri had expressed interest “in associating with YPF on an unconventional cluster … in Vaca Muerta” and the talks with Chevron were “the first concrete step towards an alliance that will be strategic along the path that YPF’s president and CEO is leading”. Chevron said it would not comment “on any confidential discussions we hold with officials”. Mr Galuccio in June unveiled a taster of his five-year strategic plan that called for investment of $7bn a year to reverse falling production. Partnerships will be key to funding what he called the “ambitious but realistic” plan, which includes drilling 1,000 wells. Argentina is believed to be home to the world’s third-biggest reserves of unconventional oil and gas, largely in the Vaca Muerta formation in the western province of Neuquén.
    [Show full text]
  • Annual Report Edenor Table of Contents
    2010 annual report Edenor table of contents Introduction Concession Area 3 Supervisory and Administration Bodies – 2010 Fiscal Year 5 Board of Directors 5 Supervisory Committee 6 Call to Meeting 7 CHAPTER 1: Economic Context and Regulatory Framework a. Argentine Economic Situation 10 b. Energy Sector 11 c. Regulation and Control 13 CHAPTER 2: Analysis of the Economic-Financial Operations and Results a. Relevant Data 15 b. Analysis of the Financial and Equity Condition 17 c. Investment 18 d. Financial Debt and Description of Main Sources of Funding 21 e. Description of Main Sources of Funding 23 f. Analysis of Financial Results 25 g. Main Economic Ratios 26 h. Allocation of Income/(Loss) for the Year 26 i. Business Management 26 j. Large Customers 28 k. Rates 30 l. Energy Purchase 33 m. Energy Losses 34 n. Delinquency Management 35 o. Technical Management 37 p. Service Quality 41 q. Product Quality 42 CHAPTER 3: SUPPORT TASKS a. Human Resources 44 b. It and Telecommunication 47 CHAPTER 4: RELATED PARTIES a. Description of the Economic Group 51 b. Most Significant Operations with Related Parties 53 CHAPTER 5: Business Social Responsibility a. Business Social Responsibility 56 b. Industrial Safety 58 c. Public Safety 58 d. Management of Quality 60 e. Environmental Management 61 f. Educational Programs 61 g. Actions with the Community 62 SCHEDULE I - Corporate Governance Report CNV General Resolution 516/2007 65 FINANCIAL STATEMENTS 72 3 CONCESSION AREA Edenor exclusively renders distribution and and Río de La Plata avenue. In the Province of marketing services of electrical energy to all Buenos Aires, it comprises the Districts Belén de users connected to the power supply network Escobar, General Las Heras, General Rodríguez, in the following area: In the Capital City: the former General Sarmiento (which now includes area defined by Dock “D”, street with no name, San Miguel, Malvinas Argentinas and José C.
    [Show full text]
  • A Special Report from Oil and Gas Investor and Global Business Reports
    Argentina A Special Report From Oil and Gas Investor and Global Business Reports Photo courtesy of YPF July 2011 - OilandGasInvestor.com P-1 ARGENTINA OIL AND GAS The Revival of Century-Old Industry 2015: A Time of Transition eat-lovers’ mouths water at the thought of an Ar- Yet 2015 seems to be a turning point for hydrocarbon gentine steak, but another kind of Argentine dead production in Argentina. Producers extracted about 1.4% Mcow has been tantalizing oil and gas investors in more oil and 1.8% more gas in July 2015 than they had in recent years. In 2013, the U.S. Energy Information Admin- the same month a year ago, which indicates that the last few istration (EIA) announced that the world’s second largest years of local and foreign investment are finally paying off. shale gas reserves and fourth largest shale oil reserves lie Three companies dominate hydrocarbon production in beneath Argentina’s subsurface, mostly at Vaca Muerta, in Argentina: Yacimientos Petrolíferos Fiscales (YPF), Pan the province of Neuquén. American Energy, and Total. From 2010 to 2014, YPF and Yet Argentina has been drilling for oil and gas for over Pan American Energy produced 55% of all the oil that Ar- a century. When walking through Comodoro Rivadavia’s gentina produced, while YPF and Total produced 54% of streets in Patagonia, the dust blown up by the city’s infa- all the gas that Argentina produced, according to data from mous gales could easily distract a passerby from noting a Argentina’s Secretary of Energy. In 2014, YPF was the top bronze plaque on a nondescript building that reads: “In this oil and gas producer in Argentina.
    [Show full text]
  • Pampa Energía and Edenor 2Q 2012 Conference Call Presenting for Pampa Energía: Ricardo Torres, CEO of Pampa Energía and Chairman of Edenor
    Buenos Aires, August 22nd, 2012 (10 am Eastern Time) Pampa Energía and Edenor 2Q 2012 Conference Call Presenting for Pampa Energía: Ricardo Torres, CEO of Pampa Energía and Chairman of Edenor Ricardo Torres: Thank you very much. Good morning everyone and thanks for joining us on this joint conference call. I would like to focus first on the main events that took place in the last couple of months, then briefly review the results of the second quarter and finally comment on the general situation of Pampa and particularly Edenor. As you know, you can always call me or anybody of our team for more details on the numbers of the period or any doubts you might have. We also have a complete set of figures in our webpage that you can access. Going to the relevant events of the quarter, first of all a month ago Pampa reached a settlement agreement with Petrobras, in which both parties agreed to withdraw all claims between Petrobras, AEI, and Pampa. Pampa received that claims as part of our acquisition of AEI assets at the beginning of 2011. The agreement includes as a condition, the cancelation of the entire unpaid debt of CIESA due since 2002. So, Pampa received from CIESA the 4.3% ownership of TGS; 87 million dollars which were used to cancel 70 million dollar of the 90 million dollar loan granted by Citibank N.A. and Standard Bank to finance the acquisition of CIESA debt, and Pampa was appointed as beneficiary and custodian of the 40% of the shares in trust of CIESA.
    [Show full text]
  • BONOS CORPORATIVOS DE ARGENTINA Fecha: 19/06/2020 Liquidación: 23/06/2020
    BONOS CORPORATIVOS DE ARGENTINA Fecha: 19/06/2020 Liquidación: 23/06/2020 Valor Fecha Tasa Valor Valor Interés Precio (CLEAN) Rendimiento Rend. Duración Interest Risk Instrumento residual Paridad vencimiento cupón par técnico devengado Modificada Value Vendedor Comprador Medio YTM BEY Cte. +100 bps -100 bps Bancos Hipotecario 2020 30/11/2020 9,75% 100% 100 100,6 80% 0,61 $ 78,7 $ 81,1 $ 79,9 82,58% 70,25% 12,10% 0,24 -0,24% 0,24% Galicia 2026 (call) 19/7/2021 8,25% 100% 100 103,5 80% 3,52 $ 78,7 $ 79,6 $ 79,2 35,51% 32,82% 9,98% 1,06 -0,73% 1,02% Galicia 2026 (maturity) 19/7/2026 8,25% 100% 100 103,5 80% 3,53 $ 78,7 $ 79,6 $ 79,2 13,80% 13,35% 9,98% 3,98 -3,87% 4,09% Macro 2026 (call) 4/11/2021 6,75% 100% 100 100,9 79% 0,92 $ 78,0 $ 79,0 $ 78,5 27,04% 25,43% 8,50% 1,40 -1,02% 8,72% Macro 2026 (maturity) 4/11/2026 6,75% 100% 100 100,9 79% 0,92 $ 78,0 $ 79,0 $ 78,5 11,94% 11,60% 8,50% 4,52 -4,38% 4,66% GAS Y PETRÓLEO Pan American Energy 2021 7/5/2021 7,88% 33% 33 33,7 299% 0,34 $ 99,6 $ 100,9 $ 100,3 8,50% 8,33% 7,83% 0,79 -0,78% 0,79% CGC 2021 7/11/2021 9,50% 100% 100 101,2 72% 1,21 $ 71,1 $ 72,4 $ 71,7 41,08% 37,56% 13,02% 0,91 -0,91% 0,92% YPF 2021 23/3/2021 8,50% 100% 100 102,1 84% 2,13 $ 83,4 $ 84,0 $ 83,7 38,02% 34,96% 9,90% 0,53 -0,52% 0,53% YPF 2024 4/4/2024 8,75% 100% 100 101,9 79% 1,92 $ 78,4 $ 79,4 $ 78,9 19,58% 18,70% 10,83% 2,04 -2,01% 2,07% YPF 2025 28/7/2025 8,50% 100% 100 103,4 77% 3,42 $ 75,5 $ 76,3 $ 75,9 16,10% 15,50% 10,72% 3,37 -3,29% 3,46% YPF 2027 21/7/2027 6,95% 100% 100 102,9 73% 2,93 $ 71,8 $ 72,5 $ 72,2 13,52%
    [Show full text]
  • Latin American Power Overview Outlook, Financial Performance, Regulatory Risk and Investments September 2019 Corporates Compendium Power / Latin America
    Latin American Power Overview Outlook, Financial Performance, Regulatory Risk and Investments September 2019 Corporates Compendium Power / Latin America Table of Contents Latin American Power Overview ......................................................................................................................................... 2 Regulatory Risk Assessment .............................................................................................................................................. 3 Generation .......................................................................................................................................................................... 3 Installed Capacity ......................................................................................................................................................... 3 Growth and Expansion ................................................................................................................................................. 4 Power Generated ......................................................................................................................................................... 5 Distribution .......................................................................................................................................................................... 5 Corporates .........................................................................................................................................................................
    [Show full text]
  • Geopolítica Del Fracking
    Este artículo es copia fiel del publicado en la revista NUEVA SOCIEDAD No 244, marzo-abril de 2013, ISSN: 0251-3552, <www.nuso.org>. Geopolítica La extracción de petróleo y gas de esquisto presenta serios riesgos del fracking ambientales y ya ha generado protestas Impactos y riesgos de gran amplitud, pero detrás de las ambientales nuevas tecnologías que la hacen posible hay poderosos intereses económicos y políticos. Los hidrocarburos no tradicionales son parte, además, de entramados geopolíticos que tienen a Estados Unidos como principal protagonista. Pese a ello, en los últimos tiempos, países como Francia y Bulgaria han prohibido el fracking hasta que se tenga más información sobre los riesgos y varios gobiernos locales de diferentes partes del mundo han tomado decisiones similares. Sin embargo, en América Latina es presentado como una nueva VÍCTOR L. BACCHETTA fuente de prosperidad. e perfora la tierra verticalmente hasta 3.000 o 4.000 metros de profundi- dad, luego se realizan hasta seis perforaciones horizontales de uno a dos Skilómetros de longitud y se inyecta a alta presión una mezcla de hasta 30 millones de litros de agua, centenares de toneladas de arena y decenas de miles de litros de productos químicos no revelados por las empresas para extraer petróleo y/o gas de las grietas generadas en lutitas, rocas impermea- bles de esquisto o pizarra. Esta es la nueva tecnología denominada fractura hidráulica o fracking. Víctor L. Bacchetta: periodista y editor uruguayo. Desde 1968 ha trabajado en medios de prensa y agencias informativas de Uruguay, Argentina, Brasil, Chile, Cuba, México, Perú, España, Es- tados Unidos y Suecia; se ha especializado en temas de política, medio ambiente, desarrollo y ciencia.
    [Show full text]
  • Regional Energy Security: Re-Evaluating Concepts and Policies to Promote Energy Integration in Mercosur
    REGIONAL ENERGY SECURITY: RE-EVALUATING CONCEPTS AND POLICIES TO PROMOTE ENERGY INTEGRATION IN MERCOSUR Thauan dos Santos Tese de Doutorado apresentada ao Programa de Pós- graduação em Planejamento Energético, COPPE, da Universidade Federal do Rio de Janeiro, como parte dos requisitos necessários à obtenção do título de Doutor em Planejamento Energético. Orientadores: Amaro Olímpio Pereira Júnior Emilio Lèbre La Rovere Rio de Janeiro Fevereiro de 2018 i ii Santos, Thauan dos Regional Energy Security: Re-evaluating concepts and policies to promote energy integration in Mercosur/Thauan dos Santos. – Rio de Janeiro: UFRJ/COPPE, 2018. XXIV, 286 p.: il.; 29,7 cm. Orientador: Amaro Olimpío Pereira Júnior Emilio Lèbre La Rovere Tese (doutorado) – UFRJ/ COPPE/ Programa de Planejamento Energético, 2018. Referências Bibliográficas: p. 236-286. 1. Energy security. 2. Energy integration. 3. Energy planning. I. Pereira Júnior, Amaro Olímpio et al. II. Universidade Federal do Rio de Janeiro, COPPE, Programa de Planejamento Energético. III. Título. iii ‘Nuestro norte es el sur’ Joaquín Torres García iv ACKNOWLEDGMENTS This thesis is the result of the support of a number of people and institutions. I hope to live up to each one of them right now. First of all, I thank my family for their unconditional support for my choices and decisions. To my parents, Simone and Wilson, for all the affection and opportunities. To my brothers, Luan Santos and João Pedro, for always being with me and being my ‘partners in crime’. In particular to Luan, who accompanies me since our mother’s belly and has been part of the most delicate moments of my life.
    [Show full text]
  • Argentina Carlos Alberto Bulgheroni, CEO Bridas Bulgheroni Is CEO Of
    Argentina Carlos Alberto Bulgheroni, CEO Bridas Bulgheroni is CEO of Argentine independent oil and gas holding company Bridas, which was created by his family in 1948. Bridas is 50 percent owned by China National Offshore Oil Corporation since 2010. The company's joint venture with BP and Pan American Energy in 2013 ranked it 215th in the region's largest companies. He is also on the board of the Buenos Aires Stock Exchange and an active philanthropist involved in the arts. Bulgheroni earned a degree in law from the University of Buenos Aires. He has served as co-chairman of the International Committee at the Kennedy Center for the Performing Arts, president of the Argentine Business Council, president and representative for Mercosur European Business Forum. Bulgheroni also holds the Order of Isabel la Catolica, given to him by Spain's King Carlos I. Bulgheroni is now expanding his wine business, Bodegas Garzón, which will feature a luxury hotel and an exclusive club where members can create their own wines. Eduardo Eurnekian Argentine magnate Eurnekian has delved into a wide range of businesses, including media, airports, agribusiness, services, energy, infrastructure and technology through his firm Corporación América. His net worth is estimated at $1.9 billion as of 2015. Eurnekian was born to Armenian parents, and has also been involved in investments in his parents' homeland, including the management of the Zvartnots International Airport and agribusiness. Marcos Galperín, President and CEO MercadoLibre One of the youngest people on the list, 43 year old Galperín is the co-founder and CEO of MercadoLibre, the largest e-retailer in Latin America, with presence in Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Mexico, Peru, Portugal, Uruguay and Venezuela.
    [Show full text]
  • Free Translation from the Original Prepared in Spanish for Publication in Argentina
    Free translation from the original prepared in Spanish for publication in Argentina UNAUDITED CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS AS OF JUNE 30, 2019 AND FOR THE SIX AND THREE-MONTH PERIODS THEN ENDED PRESENTED IN COMPARATIVE FORMAT Free translation from the original prepared in Spanish for publication in Argentina GLOSSARY OF TERMS The following are not technical definitions, but they are helpful for the reader’s understanding of some terms used in the notes to the unaudited consolidated condensed interim financial statements of the Company. Terms Definitions ADR American Depositary Receipt ADS American Depositary Shares BCBA Bolsa de Comercio de Buenos Aires CABA Ciudad Autónoma de Buenos Aires CAMMESA Compañía Administradora del Mercado Eléctrico Mayorista S.A. CB Corporate Bonds CIESA Compañía de inversiones de energía S.A. CINIIF International Financial Reporting Interpretations Committee Citelec Compañía Inversora en Transmisión Eléctrica Citelec S.A. CNV Comisión Nacional de Valores – Argentine Securities Commisssion Corod Corod Producción S.A. CPB Central Piedra Buena S.A. CPD Own Distribution Costs CTB Central Térmica Barragán S.A. (Ex PEA) CTEB Central Térmica Ensenada de Barragán DAG Automatic Generation Shutdown Ecuador TLC Ecuador TLC S.A. Edenor Empresa Distribuidora y Comercializadora Norte S.A. ENARGAS Ente Nacional Regulador del Gas ENARSA / IEASA Integración Energética Argentina S.A. (previously Energía Argentina S.A.) ENRE National Regulatory Authority of Electricity Foundation Pampa Energía Foundation
    [Show full text]
  • Oking for Additional Sources of Revenues
    Memoria / Informe Contable Annual Report / Financial Information 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2018 20 21 Memoria / Informe Contable 22 Memoria / Informe Contable 23 Annual Report / Financial Information 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 1 2 Sistema de Transmisión 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Sistema de Transmisión de Transba 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 MEMORIA / INFORME CONTABLE 63 3 1 Perfil de la compañía 2 3 4 La Compañía de Transporte de Energía Eléctrica en Alta de la provincia de Tierra del Fuego, Antártida e Islas del 5 Tensión Transener S.A. es la titular del Contrato de Concesión Atlántico Sur. Los generadores de mayor potencia, plantas 6 otorgado por el Estado Nacional por decreto Nº 2743/1992 industriales de gran demanda, empresas por Distribución 7 del 29 de Diciembre de 1992, y decreto Nº 1501/1993 del 16 Troncal, las empresas distribuidoras federales y la mayo- 8 de Julio de 1993; con las modificaciones introducidas por el ría de las empresas provinciales son clientes de Transener.
    [Show full text]