The government already has appointed his Gas representatives as much Cuyana as in Natural Gas (MERV: GBAN), Gas Transporter of the South (MERV: TGSU2, NYSE: TGS) and ENDESA Costanera (MERV: ELE). It does not conform in this way, the government follows with this strategy and the following objective was yesterday, Siderar (MERV: ERAR). In the iron and steel company Siderar of the Techint group, the Argentine government would reach a participation of 25.97% of the capital corresponding to stock. The company wants to avoid that the Argentine government can make use of the cumulative vote (which could not be exerted by the AFJP among them) to appoint a representative within the directory of the company. Although this situation is bringing about resistance in several of the companies, all does not see with bad eyes give a representative of government one of the armchairs of the directory. So it is the case of the Consultatio company, company dedicated to financial activities and real estate and main shareholder of Nordelta (the first urban complex constructed in Argentina under the concept of city town). It is that to have the government as partner of the businesses can be than more beneficial. Clear that this it is not the case of the majority of the companies.
The estatizacin of the AFJP has given to the Argentine government not only fresh bottoms him to face this adverse international context, but also the possibility of comprising of the decision making in companies that consider strategic. Like all the decisions that are been taking the Argentine government, it is certain that it will represent short term benefits to him, but also is certain that it implies great costs difficult to repair. Latinforme. com is the main financial source of intelligence and independent opinion on the Latin American and world-wide markets from a Latin American perspective. From our offices in Buenos Aires, Argentina, we approached the last new features and alert to him to help it to that you obtain gains without concerning the direction that takes the market.
