News of expropriation

Fernández says he won't expropriate soy trader Vicentin in U-turn

01-08-2020 08:13 The government won’t risk taking on Vicentin’s private debt and making Argentines responsible for its management’s “irresponsible” decision-making, President Alberto Fernández said on Twitter, criticising the judge overseeing bankruptcy proceedings.

THE RICH LIST

Argentina’s richest and the perception of wealth

25-07-2020 10:14 The 'Forbes' list generates all sorts of mixed emotions, from admiration to jealousy and contempt.

by Agustino Fontevecchia

BLOOMBERG

Creditors allege Vicentin soy giant siphoned off US$400 million

05-07-2020 08:10 Banks are asking a New York judge to subpoena more documents from bankrupt soy-export giant Vicentin, saying there may have been “major international financial impropriety” that saw US$400 million drained from the firm.

PERIODISMO PURO / INTERVIEW

Jeffrey Sachs: ‘This is not a game for BlackRock to get an extra percentage point – that's absurd’

27-06-2020 08:29 US economist and public policy analyst Jeffrey Sachs on Argentina’s debt restructuring talks, the Macri administration’s missteps and the fall-out from the coronavirus pandemic.

by Jorge Fontevecchia

expropriation of Vicentin

Vicentin tensions rise amid protests, Fernández backlash

22-06-2020 08:42 Thousands of Argentines in Santa Fe Province, where Vicentin is headquartered, and other cities, expressed anger at the expropriation plan on Saturday, as President Alberto Fernández insisted on nationalising the company.

CONGRESS

Cafiero faces flurry of questions in Congress début

20-06-2020 10:44 Cabinet chief defends move to nationalise Vicentin, says pensions have improved in real terms.

EXPROPRIATION OF VICENTIN

Vicentin’s expropriation and how to break bad news

20-06-2020 09:26 A Peronist expropriation, and maybe even nationalisation, sounds like the best way to burn a lot of money straight into inefficient bureaucracy and corruption.

by Agustino Fontevecchia

BLOOMBERG

Resistance grows to government's plan to nationalise Vicentin

12-06-2020 02:05 President Alberto Fernández announced on June 8 that the state would nationalise soy giant Vicentin, which was the country's largest grain exporter until it hit a crisis at the end of last year.

BLOOMBERG

Traders size up the making of a state soybean giant in Argentina

09-06-2020 17:48 Inside the crop-trading houses of Rosario, fears grow that Vicentin will be afforded unfair advantages over rivals or distort the market by overpaying farmers.

Expropriation of Vicentin

Government says it will nationalise bankrupt agro-export giant Vicentin

08-06-2020 23:50 Peronist leader says Argentina will “come to the rescue of Vicentin,’ in a bid to save 2,600 workers from losing their jobs. Critics charge that the move on the agricultural powerhouse, which filed for bankruptcy last year, is ideological.