The final US$25 million was lent to Central Termoeléctrica on September 21, with the yen equivalent of US$70 million having been lent to Central Costanera two months earlier.
In the last three months the National Securities Commission (Comisión Nacional de Valores - CNV), the body in charge of the supervision of the capital market in Argentina, issued two resolutions by means of which the regulatory regime for tender offers was modified.
On September 3 a decree was passed that will open up land line telephony services in Argentina to competition on November 9, 2000.
The Spanish oil and gas company retained the Buenos Aires-based law firm in its global exchange offer with Argentine energy firm Astra Companía Argentina de Petroleo SA that concluded on August 30, 2000.
The exchange of Banco de Galicia y Buenos Aires SA shares for those of Grupo Financiero Galicia SA (Grupo Galicia) closed on July 24, 2000.
On August 14, 2000 the Comisión de Defensa de la Competencia issued a decision that has finally clarified who must file the petition for approval of a merger or acquisition in Argentina.
The two firms acted in the forging of a strategic alliance between Portugal Telecom, Unibanco and Banco Galicia announced on August 1, 2000.
The Law, approved by National Congress on May 10, 2000, (Law #25,248) replaces the former leasing system established by Chapter II of Law #24,441.
The new law, published in the Official Gazette on June 2, 2000 became effective on June 10 and according to analysts will generate more jobs.
On June 1, 2000 the President issued an Extraordinary Executive Order (No. 434/2000) whose principal aim is to help the Federal Administration prevent tax and social security evasion.