Gustavo Faria's questions to Pampa Energy (PAM) leadership • Q2 2025
Question
Inquired about a potential bid for Total's assets, the timetable for power sector liberalization, and the potential upside from it.
Answer
Pampa is interested in growing its oil acreage but is bound by NDAs regarding specific M&A. There are no synergies with Total's assets. The power liberalization timetable is unknown but they are optimistic for news soon. Deregulation would benefit their low-cost thermal units.