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Argentina

Serkin, Gavin

Frontier, 2015, p.111-136

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Title:
Argentina
Author: Serkin, Gavin
Subjects: Argentina ; Corporacion America ; Eurnekian ; Industrial & Commercial Bank of China (ICBC)
Is Part Of: Frontier, 2015, p.111-136
Description: In Argentina, Eurnekian used the financial meltdown in 2001 to amass 250,000 acres of farmland, producing cotton, oilseeds, grains and wine. Interests in computer chips, oil, gas, wind and biofuels have made Corporacion America the most diversified holding company in Argentina and Eurnekian the country's richest self‐made billionaire. Industrial & Commercial Bank of China (ICBC), the biggest Chinese lender, has been expanding with the purchase of Standard Bank Argentina in 2012. They're building up. It's a similar strategic alliance to the one China is creating in Venezuela's economy. The growth potential of the country is huge as there has been no real investment for the past decade in infrastructure, energy or agriculture – soy is like Argentina's crude oil. The low debt level would make it easy for Argentina to tap the capital markets and the bonds should trade with a low and very affordable interest rate.
Publisher: Chichester, UK: John Wiley & Sons, Ltd
Language: English

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