News of nationalisation

Fernández says he won't expropriate soy trader Vicentin in U-turn

01-08-2020 08:13 The government won’t risk taking on Vicentin’s private debt and making Argentines responsible for its management’s “irresponsible” decision-making, President Alberto Fernández said on Twitter, criticising the judge overseeing bankruptcy proceedings.

BLOOMBERG

Creditors allege Vicentin soy giant siphoned off US$400 million

05-07-2020 08:10 Banks are asking a New York judge to subpoena more documents from bankrupt soy-export giant Vicentin, saying there may have been “major international financial impropriety” that saw US$400 million drained from the firm.

expropriation of Vicentin

Vicentin tensions rise amid protests, Fernández backlash

22-06-2020 08:42 Thousands of Argentines in Santa Fe Province, where Vicentin is headquartered, and other cities, expressed anger at the expropriation plan on Saturday, as President Alberto Fernández insisted on nationalising the company.

THE LAST SEVEN DAYS

What we learned this week: June 13 to June 20

20-06-2020 09:55 Some of the most important stories in Argentina from the last seven days.

POLITICS & THE PANDEMIC

Fernández TV

20-06-2020 09:02 Time will tell if the delays with the Vicentin and wealth tax bills are a deliberate strategy by the president to buffer the complaints by the lobbies who have historically clashed with Kirchnerismo.

by Martín Gambarotta

BLOOMBERG

Resistance grows to government's plan to nationalise Vicentin

12-06-2020 02:05 President Alberto Fernández announced on June 8 that the state would nationalise soy giant Vicentin, which was the country's largest grain exporter until it hit a crisis at the end of last year.

Bloomberg

France ready to nationalise as EU heavyweights take charge

17-03-2020 15:48 France is ready to use the ultimate weapon to protect its biggest companies from the market turmoil set in motion by the coronavirus: nationalisation.