Argentina Unlikely to Sell Siderar Stake

Argentina Unlikely to Sell Siderar Stake

Bonds Corporate & Sovereign Strategy

The Argentine government is unlikely to sell its 26% stake in Siderar, according to two sector analysts. Local press had reported that Techint, which controls Siderar, has offered the Argentine government $700m for the stake, an offer the government is reported to have rejected. “The government will never sell,” says one Sao Paulo-based equity analyst. “The government is not looking at the economic part of this.” A US-based equity analyst says he is unsurprised that Techint would want to attempt

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