Argentina's AySA water utility privatized for US$340M, below government estimate

Argentina's state water utility AySA is being privatized, with a consortium led by Rowing-Arcos-Transclor-PHX winning with a US$340.2 million bid for 90% of the company, beating Roggio's US$285 million but falling short of the US$450 million government estimate. The sale signals a shift in Argentina's privatization policy under the current administration, though the lower-than-expected price may raise fiscal concerns.