Cresud concluded the subscription of 90 million new shares offered to the market. The total placed with an oversubscription equivalent to almost 30% of the accommodation provided which could not be satisfied.
According to the information, Molinos Río de la Plata recorded a net profit of 1.75 billion pesos ($19.3 mn) as of 31 December 2020, according to the information sent to the Buenos Aires Stock Exchange. However, the sale of its headquarters, which brought in 2.03 billion pesos ($22.4m), was decisive in achieving that figure.
The PTP Group, the Argentinean operator of several terminals on the Paraguay-Parana Waterway, presented the Nueva Palmira Free Port Project in Uruguay, which will require an investment of 80 million dollars, according to the company. It is a project under the figure of Puerto Franco, which will generate 300 jobs in the Department of Soriano, the company said.
Cerámica Alberdi announced an investment of 700 million pesos ($7.7 mn) to be carried out this year to expand its production capacity in special porcelain tiles. The local market imports this type of material, so the project aims to replace foreign purchases. Also, the increase in production will allow the Argentinean-owned company to increase exports.
The Board of Directors of CAF, Development Bank of Latin America, approved $40.4 million in financing to Argentina for the Modernisation of the Air Traffic Surveillance System project. This project contemplates strengthening the physical and digital infrastructure of Argentina's airspace surveillance systems and the National Airport System. It will cover the entire continental airspace of the 5 flight information regions under national jurisdiction (Comodoro Rivadavia, Cordoba, Ezeiza, Mendoza and Resistencia).