Nov. 20 (UPI) -- IMPSA, the first state-owned company sold under Argentine President Javier Milei, reversed years of losses in just nine months and became the first successful case in the libertarian leader's privatization plan. The renewable energy firm, partially rescued by the Argentine government in 2021 to prevent its collapse, was acquired in February by the U.S.-based fund ARC Energy. It has posted a nearly $206 million profit so far in 2025, the digital outlet iProfesional reported.