Argentina to seize struggling Vicentín

Argentina to seize struggling Vicentín

M&A Politics Argentina Latin America

Argentina plans to seize financially struggling Vicentín, one of the country's largest agriculture groups, and put it under the management of the state-backed energy company YPF, President Alberto Fernández said on Monday. "We have arranged a series of measures that have the purpose of rescuing this company," Fernández said in a televised press conference. The goal is to keep Vicentín "on its feet," helping to protect jobs and the supply contracts it has with some 2,600 small-hold farmers, while

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