HSBC joins firms exiting Argentina amid Milei's economic makeover

[MilHojas]

HSBC joins firms exiting Argentina amid Milei's economic makeover

Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

www.batimes.com.ar

Beyond HSBC, Exxon Mobil Corp is mulling bids for its Argentine shale assets as it looks to unwind its bet on the nation’s oil and gas riches. Clorox sold two production plants and brand rights to Apex Capital and revised its full year forecast.

 

[Redpossum]

Oh, that can't be good.

 

[antipodean]

HSBC is actually leaving more than 7 countries around the world, including in Europe and Canada, at this moment to focus on Asia in a long announced strategy. Some years ago it also sold its bank in Brazil to Bradesco.
Nothing personal with Milei or Argentina for that matter.

 

[Rich One]

HSBC joins firms exiting Argentina amid Milei's economic makeover

Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

www.batimes.com.ar

The last one please turn off the lights...

 

[rob0001]

It's a strategy they have been implementing for years...they left retail banking in the USA as well...and France too... not news really except it's a win for Galicia.

 

[Ceviche]

Shockingly, HSBC had exited Paraguay in 2012!

 

[rob0001]

Shockingly, HSBC had exited Paraguay in 2012!

Bet it was Milei's fault! Hahaha