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.