The Young Entrepreneurs Association (ANJE) released a statement carried in Hoy that says the buyback of the Union Fenosa shares must be done legally. The contract is due to be signed 30 September. According to ANJE, the deal violates the Law for the Reform of Public Enterprises (Law 141-97), as it returns full ownership and operation of the power distributors Edenorte and Edesur to the government. Law 141-97 establishes an obligatory co-ownership of the businesses and operations, making the participation of private investors mandatory. ANJE says that it is all well and good that an agreement has been reached, but it must abide the law and produce plausible benefits for the country.
ANJE also wants the findings of the recent external audit to be made public and the personnel responsible for the problems to be identified. Finally, they want to know why a direct sale to another outside group was not carried out, which would have prevented the need for the costly financing.