Argentina’s government on Friday launched a bid to privatize public water utility AySA by selling its entire stake in the company to private investors.

The move comes amid a broader push to offload state-owned companies and assets, as the government seeks fresh funds in the face of declining tax revenue.

The bid was launched through an economy ministry resolution published in the Official Gazette on Friday. Both national and international investors will be able to participate.

The state’s shares represent 90% of the total AySA stock, meaning that the winner of the bid would have almost full control over the firm. The remaining 10% belongs to AySA’s workers.

The water company is set to become the first public services firm to be privatized during President Javier Milei’s........

© Buenos Aires Herald