JP Morgan-led Group Power Up In Argentina

A group of US investors, led by JP Morgan, has increased its 19.5% stake in Argentine power holding company Empresa Distribuidora Eléctrica Regional (Emdersa) to over 78%. The company groups together several local electricity distributors. The investor group bought a further 58.78% of Emdersa after paying $85.7 million to GPU Argentina Holdings for its share.