Pampa Energia (PAM) is an electric utility from Argentina to list its ADR (American Depository Receipt) shares in the New York Stock Exchange on October 9, 2009. Each ADR represents 25 common shares of the Company.
Corporate Profile from Pampa’s Website:
“Pampa EnergÃa S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina.
The Company’s generation business has an aggregate installed capacity of approximately 2,000 MW, representing about 8% of the installed capacity in Argentina. Its transmission business co-controls Transener, which operates the largest high voltage electricity transmission system in Argentina, covering around 10,155 km of lines, as well as 6,108 km of high tension lines from its subsidiary Transba. The distribution business comprises Edenor, the largest electricity distribution company in Argentina, with more than 2,500,000 customers and with a concession area that covers the northern part of the City of Buenos Aires and the northwestern zone of the Greater Buenos Aires.
The Company’s shares trade on the Buenos Aires Stock Exchange under the ticker “PAMP†and are part of the MERVAL Index with a participation of 10.21% . Pampa has an ADSs (American Depositary Shares) Level I‘s program, which represent 25 shares of common stock each. The Company will commence the trading of its ADSs in the NYSE (New York Stock Exchange) on October 9th, 2009.”
About 77% of the outstanding stock is free float with the rest under the control of management. Pampa is one of the most traded stock on the Buenos Aires Stock Exchange. PAM closed at $12.75 on the first day of trading in the NYSE. The other Argentina-based electric utility trading in the US markets is Edenor (EDN).
A complete listing of Argentina ADRs is available here.
For the latest earnings release,the Roadshow presentation and other information , go to Pampa’s IR site at: Investor Relations
