June 10, 2020 |
Argentina's proposed takeover of Vicentín, a 90-year agriculture company that has fallen on hard times, may stymie investment in the country on concerns of more asset seizures, but a greater concern is how a worsening economic and financial crisis is making it hard to run businesses, analysts said on Tuesday.
"We are going to see companies running out of the country," a debt restructuring expert, who spoke on the condition of not being named, said about the planned expropriation. "The message is
Expropriating the agribusiness would be the latest in a series of seizures, but the tanking economy is more worrying