MercoPress. South Atlantic News Agency
Argentina’s Techint moves strongly into Brazil steel business
The Techint Group agreed to pay 5.03 billion Reais (2.7 billion dollars) for a 27.7% voting stake in Brazil’s Usinas Siderurgicas de Minas Gerais to boost access to the largest market for steel in Latin America. Read full article
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Disclaimer & comment rulesyou got to love neighbourly nations working soo good together even if UK doesn't like it. if things keep on going this good mercosur might replace NATO or even UN since they are both broke, hungry and at war against the world and echother. in any case this deal is a great opportunity for industrial growth.
Nov 28th, 2011 - 10:00 pm - Link - Report abuse 0“you got to love neighbourly nations working soo good together”
Nov 29th, 2011 - 05:01 am - Link - Report abuse 0That's one of they keys to success.
“UK doesn't like it.”
Forget about those ugly brits, they're finished though the people yet have to figure that out. they keep drinking the kool aid that they are 'fine”. More austerity measures are comming, not fun but oh boy some of the brits here don't mind it at all since they are so busy with the falklands nonsense (a place they will never visit).
“mercosur might replace NATO ”
Not going to happen, and should not happen. Mercosul/Mercosul is just to work together but on other issues, each nation for itself. that's the way it should be.
“NATO or even UN since they are both broke, hungry and at war against the world and echother”
NATO, IMF, World Bank, UN are broke. and yes they need a war so that the peope do not pay attention or less attention to the real thieves who went to far (like in the past, ww1 that lead to ww2) and with the idea they can get out of it (though they know the ponzi scheme is finished).
“this deal is a great opportunity for industrial growth”.
Yes, it's not the end of the world, it's the end of as we know it, the so called west is broke and wealth is transfered to the south (to the southern western hemispheer of america , africa and asia). Something the elite thought about it, but did not know it would go that fast. let's not forget, BRIC was created by a goldman sachs banker and made it clear..the US and Europe aren't in the game, but what he forgot is, neither are those banks who created this mess. Some will go bust and if they do business in South America, they face horrible scrutiny and go to jail if there is fraud, what they hate (remember, free trade for them only) and in Asia, mainly China, if they are involved in fraud, they will get hanged.
Everything is rising in Argentina, from inflation to everything but not the amount of money in people's pockets. I'm glad to see the faces of those who voted for CFK and now after the elections she is showing them what THE MODEL is all about, enjoy it hahaha
Nov 29th, 2011 - 07:08 am - Link - Report abuse 0#3 xbox That's better than ranting and raving isn't it.
Nov 29th, 2011 - 08:24 pm - Link - Report abuse 0#1 #2 The reason this company has sent all that money out of Argentina is obvious to everybody but you. It's to keep it out of the clutches of CFK and her cronies under the money 'control' schemes.
Take notice that Paolo Rocca had a meeting with CFK 'recently', I bet it scared the crap out of him once he knew what she was up to.
Watch out, Dilma, this might be Argentina's opening gambit to nationalise Brasil!
Nov 29th, 2011 - 11:02 pm - Link - Report abuse 0;-)
Techint is a great example of how Argentine industry is powering ahead in the new superclose relationship bewtween Brasil and Argentina.All the naysayers and doomsayers telling us only about holdups at the porys when trade bewtween the two is growing more quickly than anywhere else in the world.Geoffrey I hope you are enjoying some lovely Torrontes or Malbec up there in the north east.
Nov 30th, 2011 - 07:54 am - Link - Report abuse 0More the Bohemia and Ballentynes :-)
Nov 30th, 2011 - 10:35 am - Link - Report abuse 0Commenting for this story is now closed.
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