|Marcelo Mindlin, main shareholder of Pampa Energia is looking for funds to acquire the Argentine subsidiary of Petrobras. He needs nearly US$ 1,200 million to get the assets that Petrobras Argentina (PESA) has in the local market. In this context, the owner of Pampa Energía offered for sale the shares he has in Transportadora Gas del Sur (TGS) where it holds 25% of CIESA, the controlling company of TGS. The remaining shares of CIESA belongs to Petrobras. CIESA is the owner of 53% of TGS, while the other 47% is listed in the stock exchange. The impossibility of reaching the control of TGS leads Mr. Mindlin to get rid of his shares, obtaining a sum of US$ 250 million with this transaction. Adding this to the US$ 500 million that he hopes to achieve with the launching of certain securities approved by the National Securities and Exchange Commission will represent a good start for his landing in PESA. The cash balance of Pampa Argentina will also contribute with US$ 300 million. He is also considering a loan from several international banks.