Argentina backtracks on Vicentín takeover

Argentina backtracks on Vicentín takeover

Debt Corporate & Sovereign Strategy M&A Argentina Latin America

Argentine President Alberto Fernández has backtracked on plans to expropriate Vicentín, a financially struggling agriculture group, saying that he is not willing for the state to take on private debts, a move that comes after widespread protests against the violation of property rights. In a series of tweets, Fernández said he was repealing the June 9 decree that ordered a 60-day intervention in the company. "Our intention was always to rescue the company, preserve the assets, collaborate with t

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