Privatization of the Belgrano Cargos: the only Foreign Offeror Left the Tender Three Weeks Before It Is Defined
10 Articles
10 Articles
The holding company had ratified its interest, pledged US$3 billion in investments and announced an alliance with the American Wabtec; it did not explain the reasons for its decision
Grupo Mexico had promised to invest USD 3 billion and had the financial support of United States agencies; sources close to the company confirmed the decision, although they did not specify the reasons
The main foreign business group concerned did not comply with the tender documents.The concession for 50 years begins to be defined from 11 November. Local companies and a consortium of cereals companies remain in competition.
The process for the privatization of the Belgrano Cargas suffered a strong setback with the decision of the Grupo México, which had the support of the United States and appeared as a great favorite, to get out of the fight for differences with the tender documents that the government of Javier Milei put together. It came working a year ago in the bidding and promised investments of 3 billion dollars. The group owned by the tycoon Germán Larrea, …
It is the Mexican holding company, which appeared as one of the main interested in owning control of the railway company for 50 years.
The company confirmed that it decided not to move forward with the contest. The Ministry of Economy established November 11 as the deadline for bidders to deliver their proposals on the Belgrano, San Martín and Urquiza lines, which the State seeks to grant for 50 years.
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