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Santiago Soldati
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Santiago Soldati is a prominent Argentine businessman.
Soldati was elected President of the Argentine Business Council, for a two-year term, in 1997. As the largest shareholder in Aguas Argentinas (with 20 percent), SCP profited by Soldati's decision in 1998 to sell its stake to Paris-based Suez, which paid SCP US$150 million for its shares, or three times what Soldati's company had paid in 1993.Santoro, Daniel. The Aguas Tango. February 6, 2003. The sale of the profitable unit was partly motivated by growing debts at SCP, however, whose revenue forecast was dampened by the local effects during 1995-96 of the Mexican peso crisis. Its US$715 million debt was nearly double its book value, and in 1997, SCP divested itself of the natural gas processing concerns had under its Compania General de Combustibles (CGC) unit for US$230 million, most of which had to be earmarked for debt retirement.
Negotiations with creditors followed, but a lawsuit filed against SCP by US-based Reef Exploration in 2000 over the sale of a subsidiary to Shell Petroleum led to Soldati's decision to file for SCP's bankruptcy in September of that year. Pagina/12: Anochecer de Soldati The sale of a number of energy related interests to Techint, the Argentine multinational registered in Luxembourg, could not rescue SCP from bankruptcy, and in 2004, Soldati divested it of 81% of its CGC unit, which was sold to local household chemicals maker TVB.
Related websites
Swiss Info: Villa Lugano
New York Times: The Big Push Toward Privatization in Argentina
Portal Uno: Soldati anuncio su retiro
Critica de la Argentina: Soldati, el lobbysta de la Barrick Gold
Historia del Tren de la Costa
Bradynet: Sociedad Comercial del Plata
La Nacion: Soldati no pudo pagar una deuda de US $ 25 millones
Pagina/12: Anochecer de Soldati
Ambientalistas: Jabon sucio
Fortuna: La Corte Suprema revoco el concurso de acreedores de Comercial del Plata
Clarin: El grupo Soldati, otra vez de compras
Wi-Fi Planet: Millicom Argentina Announces WiMax Network
National Post: Barrick's Pascua Lama Gets the Go-Ahead
iProfessional: Reves judicial para el concurso de Sociedad Comercial del Plata
Fortuna: Se retiro Soldati
Fundacion Amigos del Teatro San Martin
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Santiago Soldati
