The Ultimate Guide To institutional financial solutions

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Bloomberg described that "Telecom Argentina along with the local unit of fellow Mexican billionaire Slender's The us Movil SAB (AMXL) Every single have about a third on the nation's wireless industry." Noting that "Fintech has investments in Argentina's sovereign financial debt as well as in many restructured companies which include a stake inside the country's major cable business, Cablevisión SA," Bloomberg quoted Martínez as saying, "We see remarkable possibilities for development within the Argentine market and are committed to a very important financial commitment plan to make the most of Those people options."[12]

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The Situations traced the story to 2009, when Martínez loaned Vitro $75 million in exchange for your title to many of its Attributes and an choice to return them to Vitro afterwards in exchange for any 24 per cent stake during the agency. In 2010, Martínez "went to the several banking institutions that Vitro owed money to and bought the claims," Hence starting to be the business's "major particular person outside the house creditor, proudly owning about $600 million well worth of statements.

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Martínez is described as remaining "closely linked" towards the late Argentinian president Néstor Kirchner[one] and as getting been a "Close friend" of Kirchner's. In accordance with 1 supply, "Anytime the previous president traveled to The usa, he produced an area in his schedule" for a meeting with Martínez.

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This authorized fight, noted the Times, was "drawing again a curtain on Mr. Martínez's secretive environment" and "could have implications for other firms on this planet's quickest-growing economies.

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