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.
No comments:
Post a Comment