Gregorio Perez Companc
Argentines of Spanish descent
Argentine businesspeople Forum
Gregorio Perez Companc also known as "Don Gregorio" or "Goyo," is Argentina's wealthiest individual, with an estimated net worth of US$2.1 billion dollars in 2008.Forbes World's Richest People, 2009
He was born Jorge Gregorio Bazan in Buenos Aires, in 1934. He was adopted in 1945 by Margarita Companc de Perez Acuna, a local socialite, and enrolled at the La Salle college preparatory school, though he left before graduating. He married Maria del Carmen "Munchi" Sundblad Beccar Varela, an heiress, in 1964, and later purchased a controlling stake in Banco Rio de La Plata . He built much of his fortune, however, as head of Petrolera Perez Companc, a family-based conglomerate in oil and gas that was first established by Gregorio's adoptive father in 1946.Majul, Luis. Los Duenos de la Argentina. Editorial Sudamericana, 1994.
Between 1990 and 1994, the company expanded its domestic activities in the oil business and in a number of other industries through participation in the country's privatization programme initiated by President Carlos Menem.Case Study on outward foreign direct investment from Argentina. UN Conference on Trade and Development, October 27, 2005 By 1996, Perez Companc S.A. had consolidated sales of US$1.41 billion. The family strengthened its hand in 1998 by forming a new public holding company, PC Holdings S.A., and later that year, acquired a 68% share in local food giant Molinos Rio de la Plata from the traditional agribusiness house, Bunge y Born, for US$380 million. Molinos Rio de la Plata, which sells Luchetti's pasta, Cocinero oils and Nobleza Gaucha yerba mate (among numerous brands), is one of Argentina's leading processed foods companies, earning roughly US$684 million in revenues in 2004.
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