Friday, October 5, 2012

Argentinean Business Tycoon Invested $100 million in Ganden Investments

Eduardo Elsztain, businessman of Argentina has recently signed one agreement to invest massive amount of $100 million in Ganden Investments Group. Ganden Investment is the parent company of an Israeli Corporation named IDB Holding. According to the signed deal, Argentinean businessman will make an investment of $25 million for 10% stake and get another option for investment of extra amount of maximum $75 million. In case of full exercise of the option, Eduardo will become 30.8% holder of Ganden Group. Few weeks ago, IDB holdings have had their advanced discussions regarding the investment made by Argentinean business tycoon in Ganden Group.

The investments made by Argentinean business tycoon named Eduardo would provide sufficient amount of cash to IDB Holdings, which has been recently selling each of its off assets for reduction of hefty debts. Last month, Ganden Investments have suffered massive loss in the second-quarter, which has raised concerns that the group may failed in paying its debts and include huge warning in its quarter results. Eduardo Elsztain is the CEO and chairman of one of the leading real-estate companies of Argentina named IRSA. Furthermore, Eduardo has given his valuable service as chairman of agricultural company named Cresud. Cresud is one of the famous agricultural producers, incorporating 35 farms as well as field of 1 million hectares under management in Paraguay, Brazil, Bolivia and Argentina. 

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