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Argentina's billionaire Eskenazi family risks default on more than $2B of debt after the...

Argentina's billionaire Eskenazi family risks default on more than $2B of debt after the government seized control of YPF and said dividends probably would be reinvested. The family's Petersen Group, which owns 25% of YPF, owes Repsol (REPYY.PK) $1.9B; it counted on YPF dividend payments of as much as 90% of profit to repay Repsol and ~$680M of loans with banks including Citigroup (C).
Comments (2)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Wise investors diversify.

     

    The extremist hostile govt of Argentina has sent a clear message to the rest of world:

     

    Do NOT invest in Argentina!
    18 Apr 2012, 08:42 PM Reply Like
  • drstocks
    , contributor
    Comments (56) | Send Message
     
    They didn't invest much of their own money anyway. It's the banks' problem as usual.
    19 Apr 2012, 02:50 AM Reply Like
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