November 11, 2022 |
IRSA Inversiones y Representaciones, the biggest real estate firm in Argentina, has built up a cash cushion to cover most of the $205 million in debts falling due next year, but it must gain central bank approval to access US dollars to do this, CFO Matías Gaivironsky said on Thursday.
"We have the cash to pay, we just need the tools to do it," he said on a conference call with investors.
IRSA has the equivalent of $155 million in cash on hand, which if it can exchange them to dollars would allo
Argentine real estate developer has the cash to pay, but no access to dollars