Argentinian government is taking over Vicentin?

[London2Baires]

Wow these communists are turning us into Venezuela!

It's far better to follow the way we do things in the First World.

It's easy, when your companies and stock markets fail, you just give them the money they need to stay afloat. That way the taxpayer funds the failing corporations and banks , allowing for the payment of dividends for shareholders , and massive salaries for the board and high level management. We reward success, the market knows best after all.

In so doing we are also helping the ignorant rioting uneducated underclasses by transferring wealth from our poorest to our richest. It's the richest who have the most merit in our totally merit based First World countries after all! We are really helping the motor of innovation and creativity at the top this way.

These idiot communists think their way of bailing out failing companies is better. Using public money to rescue a company and then actually taking ovnership in return for the public who put in the capital.

I SAY NO!

We must make sure that profits always stay in the private and corporate sectors. It's only the losses that should be made public, that's why corporate bailouts are the best!

/Written in parody.

 

[gracielle]

Cuáles son las 46 empresas que tienen al Estado como uno de sus dueños a través de la Anses

El apetito del Estado por la injerencia directa en el sector privado no es nueva. La acción más reciente se produjo con la expropiación de las inversiones de las AFJP en acciones de empresas que cotizan en Bolsa. Actualmente representan el 8,7% del Fondo de Garantía de Sustentabilidad y habilita...

www.infobae.com

10 June 2020
Which are the 46 companies that have the State as one of their owners through the ANSES
The irruption of the national State in the management of a private company, now its Vicentin, under the argument of facing a long process of default on payments to creditors, both in the productive and financial sectors, mainly the Banco de la Nación Argentina, or to actively participate in board decisions at the Shareholders' Meeting is not new.
A report from the Ministry of Economy in times of de facto government from 1976-1983 realized: "The State had grown disorderly without an integral survey of the companies of which it was the owner or administrator". The work for the Argentine Business Council, and which was subsequently completed and perfected through a report written by the Interministerial Commission for Business Privatization, reported a list of "plus 382 in which the National State, through the National Development Bank and the National Savings and Insurance Fund, had shareholdings that varied between less than 1% and almost 40% of the total capital"....

Cuáles son las 46 empresas que tienen al Estado como uno de sus dueños a través de la Anses

El apetito del Estado por la injerencia directa en el sector privado no es nueva. La acción más reciente se produjo con la expropiación de las inversiones de las AFJP en acciones de empresas que cotizan en Bolsa. Actualmente representan el 8,7% del Fondo de Garantía de Sustentabilidad y habilita...

translate.google.com

Participación de la Anses en sociedades privadas
Fuente: INFOBAE con datos del Fondo de Garantía de Sustentabilidad de Anses, al 23 de abril 2020

Banco Macro S.A.	BMA	184.120.650	27,49%
Edenor	EDN	242.999.553	26,81%
Gas Natural Ban S.A.	GBAN	86.691.181	26,63%
Distribuidora de Gas Cuyana S.A.	DGCU2	52.852.416	26,12%
S.A. San Miguel A.G.I.C.I. y F.	SAMI	18.543.962	26,06%
Ternium Argentina S.A.	TXAR	1.175.806.541	26,03%
Consultatio S.A	102.004.243	24,88%
Transportadora de Gas del Sur S.A.	TGSU2	183.618.632	23,11%
Grupo Concesionario del Oeste S.A.	OEST	34.492.226	21,56%
Mirgor S.A.	MIRG	3.877.640	21,54%
Embersa	EMDE	12.779.858	20,96%
Edesal Holding S.A.	EDLH	15.644.566	20,96%
Edesa Holding S.A.	EDSH	4.797.081	20,96%
S.A. Importadora Y Exp. de la Patagonia	PATA	101.197.740	20,24%
Molinos Agro S.A.	MOLA	9.836.904	20,04%
Molinos Río de La Plata S.A.	MOLI	40.367.149	20,04%
Transener	TRAN	87.043.370	19,57%
Grupo Financiero Galicia S.A.	GGAL	264.221.559	18,52%
Enel Generación Costanera S.A.	CECO2	108.011.285	15,39%
Banco Patagonia S.A.	BPAT	109.976.022	15,29%
Pampa Energía S.A.	PAMP	305.307.129	14,78%
Camuzzi Gas Pampeana S.A.	CGPA2	42.154.002	12,65%
Telecom Argentina S.A.	TECO2	246.018.839	11,34%
Holcim (Argentina) S.A..	HARG	39.804.176	11,31%
Capex S.A.	CAPX	19.297.220	10,73%
Aluar Aluminio Argentino S.A.I.C.	ALUA	261.730.990	9,35%
Grupo Clarin S.A.	GCLA	9.609.365	9,00%
Cablevisión Holding S.A.	CVH	16.257.029	9,00%
Metrovías S.A.	MVIA	1.171.375	8,55%
Metrogás S.A.	METR	46.249.934	8,13%
BBVA Banco Francés S.A.	FRAN	42.439.494	6,93%
Euromayor S.A.	EURO	3.279.884	6,25%
Quickfood S.A.	PATY	7.681.176	5,27%
Banco Hipotecario Nacional S.A.	BHIP	74.037.265	4,94%
Socotherm Americas S.A.	STHE	7.623.525	4,59%
Inversiones y Representaciones S.A.	IRSA	25.914.834	4,48%
Cresud S.A.C.I.F y A.	CRES	18.000.448	3,59%
Grupo Supervielle S.A.	SUPV	15.259.141	3,34%
Central Térmica Güemes S.A.	CTGM	2.716.294	2,81%
Inversora Eléctrica de Bs.As. S.A.	IEBA	645.556	2,09%
Central Puerto S.A.	CEPU2	27.992.640	1,85%
IRSA Propiedades Comerciales S.A.	IRCP	1.739.335	1,38%
Y.P.F. S.A.	YPFD	4.560.168	1,16%
Sociedad Comercial del Plata S.A.	COME	14.843.410	0,94%
Transportadora de Gas del Norte S.A.	TGNO4	3.192.459	0,73%
Ledesma S.A.	LEDE	1.663.636	0,38%

 

[on the brink]

Never knew about that.... Thanks.....!

 

[Jeremias]

Please explain to me how the state of California is more "communist" or economically left than Venezuela or Argentina.

Who said it was about the economy? It's (half-assed) communist mind I'm referring to, not economics.

California is full of wealthy Bernie-Sanders-like people. Nuff said, nuff said. Wannabe (rich) communists. Of course, Bernie-Sanders Californians would not survive one day in Venezuela, lol, but this is another story.

Anyway, I was just expressing surprise at someone "fleeing leftism in Argentina", to go to... California. I personally like and trust Cristina twenty times more than Bernie-Sanders dudes.

In any case, this Vicentin thing is probably just a one-shot. Argentina will probably not nationalize any other company, for a long time, one year I guess. So there is no real reason for urgent panicking.

 

[Jeremias]

The People against Expropriation, Protest at Vicentin HQ

El intendente de Avellaneda, Santa Fe, sobre la intervención de Vicentin: “Esto es manotear, es robar”

El jefe comunal Dionisio Scarpin consideró que la soberanía alimentaria no se logra expropiando una empresa de capitales nacionales. “El Presidente se dejó llevar por información falsa o acá hay una cuestión ideológica”, disparó

www.infobae.com

They are protesting in order to try and keep their own cushy office jobs at Vicentin. Paid for doing little, they are, so they understandably protest the takeover.
Because if there is indeed a takeover, of course it will be an Aerolineas scenario, with new employees (you know which ones) put in place. So the old Vicentin employees don't want other people (picked by the State) to take over their nice lazy jobs.

 

[Somewhereinba]

They are protesting in order to try and keep their own cushy office jobs at Vicentin. Paid for doing little, they are, so they understandably protest the takeover.
Because if there is indeed a takeover, of course it will be an Aerolineas scenario, with new employees (you know which ones) put in place. So the old Vicentin employees don't want other people (picked by the State) to take over their nice lazy jobs.

So basically replace lazy jobs with someone else's lazy jobs - except make it politically motivated. Ok.

 

[on the brink]

So basically replace lazy jobs with someone else's lazy jobs - except make it politically motivated. Ok.

The problem is that the new political appointees are likely to be totally unqualified people, chosen only by their blind allegiance and their willingness to kick back a percentage of their salary. The new lazy jobs will go to politicians' relatives, their gardeners, their driver's girlfriend, or someone's secretary's third cousin once-removed.

 

[Jeremias]

The problem is that the new political appointees are likely to be totally unqualified people, chosen only by their blind allegiance and their willingness to kick back a percentage of their salary. The new lazy jobs will go to politicians' relatives, their gardeners, their driver's girlfriend, or someone's secretary's third cousin once-removed.

Glad to see you both have understood the purpose and beauty of Politics. Cushy jobs for the family, mistress and gardener, and bolsas de dinero. Had you ever doubted it was like that, before, now and after?

Believe me, you've just learned more than if you had studied 3 years Political Science.

 

[on the brink]

Thanks, that's nice and condescending....

 

[Dougie]

Who said it was about the economy? It's (half-assed) communist mind I'm referring to, not economics.

California is full of wealthy Bernie-Sanders-like people. Nuff said, nuff said. Wannabe (rich) communists. Of course, Bernie-Sanders Californians would not survive one day in Venezuela, lol, but this is another story.

Anyway, I was just expressing surprise at someone "fleeing leftism in Argentina", to go to... California. I personally like and trust Cristina twenty times more than Bernie-Sanders dudes.

In any case, this Vicentin thing is probably just a one-shot. Argentina will probably not nationalize any other company, for a long time, one year I guess. So there is no real reason for urgent panicking.

Lol ok