Empresa Inversora Energetica S.A. made an obligatory takeover bid to acquire unknown stake in Empresa Distribuidora La Plata S.A. on February 19, 2018. Empresa Inversora Energetica S.A. will acquire class C shares of Empresa Distribuidora La Plata S.A. Under the terms of the tender offer, Empresa Inversora will pay $1.065 per share. As of August 15, 2018, Empresa Inversora acquired 15.25 million class "C" shares, representing 9.19% of the share capital and voting rights of Empresa Distribuidora. Bach Capital S.A. acted as financial advisor for Empresa Distribuidora La Plata S.A. Empresa Inversora Energetica S.A. cancelled the acquisition of unknown stake in Empresa Distribuidora La Plata S.A. on February 19, 2019.