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Montevideo, July 11th 2020 - 15:37 UTC

 

 

Expropriation project of Argentine giant soymeal exporter is watered down

Thursday, June 25th 2020 - 12:00 UTC
Full article 2 comments

Argentina is examining alternatives to the planned expropriation of financially ailing soymeal exporter Vicentin, including a possible private-public partnership, Production Minister Matias Kulfas and other sources revealed on Wednesday. Read full article

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  • hurricane

    No self respecting socialist would ever think out of the expropriating and taxing box, but just for fun I'll propose a capitalistic idea that would solve this situation. Sum up the debt that is owed to the banks by the company, add in the billions owed to bond holders by the Argentine Government, roll the company into a public IPO and issue the stock out accordingly with a capitalization of new money and you would have a well financed powerhouse of a company. The new shareholders would have equity instead of worthless promises to be repaid. This would give everyone upside and the Gov would get rid of a lot of debt so they could borrow more later to prop up the worthless peso. Oh well, just dreaming.

    Jun 25th, 2020 - 10:56 pm - Link - Report abuse 0
  • Chicureo

    hurricane

    Excellent rational economics idea, but wrong country to apply...
    A century ago, Argentina was the fifth wealthiest country in the world...

    Dream on...

    Jun 26th, 2020 - 01:31 am - Link - Report abuse 0

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