The Balanz Group announced this Friday that it would open offices in Montevideo, Uruguay, to continue growing in the offer of investment strategies, in a first stage focused on developing the Wealth Management business, later venturing into institutional trading and capital markets. With 20 years of experience in the Argentine capital markets, the Group already has offices in Panama and the United Kingdom.
Category: Business
Information regarding the business sector.
Mastellone completed the $200 million bond swap
The dairy company Mastellone Hermanos S.A. informed that it successfully completed the exchange process of its Series F bonds for an amount of $200 million. The transaction involved using a combination of different financial instruments, including the issuance of a new international bond in the amount of almost $111 million.
Dass created 200 jobs and started the production of sneakers for Nike
In the last two months, the sneakers factory Dass incorporated 200 employees in the plant that operates in the city of Eldorado, in the province of Misiones. It also resumed the production of sports footwear for Nike. Currently, the plant produces 6,700 pairs of sneakers per day, and the aim is to double the output in the following months to increase it up to 17,000 pairs per day, among all the brands.
Vaca Muerta: Tenaris announces the start of hydraulic fracturing operations
Tenaris announced this Tuesday the start of its hydraulic fracturing operations in Vaca Muerta. As of June, 90 fractures have already been completed in 3 wells with excellent efficiency indicators, accompanying the increase in production levels of the Fortín de Piedra unconventional gas field.
Vista and Trafigura join forces to invest $250 million in Vaca Muerta
Vista Oil & Gas and Trafigura Argentina announced yesterday the signing of a $250 million joint investment agreement in Vaca Muerta to develop 20 wells in the Bajada del Palo Oeste block. This alliance allows us to strengthen our business in Argentina and integrate the supply of crude oil for our refinery and the subsequent collection of fuels for our network of service stations, wholesale customers and the export market in neighbouring countries.
Ford to close its financial businesses in Argentina and Brazil
Ford Motor Co said on Monday that its financial services arm, Ford Credit, will close its operations in Argentina and Brazil. Its losses include $365 million related to foreign currency and about $10 million in cash from employee layoffs.
MODO virtual wallet reaches 2 million users
Less than seven months after its launch, the bank wallet has already chosen by two million people joining the trend of leaving cash behind. In addition, more businesses are entering, and more functions and benefits added to the app on the way to transforming the daily use of money.
The Argentine firm Kheiron choose by the Gates Foundation to improve dairy production in Africa
The Argentine firm Kheiron choose by the Bill and Melinda Gates Foundation to develop bovine clones to help improve dairy production in Africa. Recombinetics' Acceligen was awarded a $3.7 million grant from the Gates Foundation to create gene-edited cattle high milk producers and withstand Africa's heat stress. Acceligen chose Kheiron as a partner for this project and started with the Holstein breed in the United States.
Technology company became the sixth Argentinean unicorn
Vercel, a firm in charge of facilitating the work of web designers through platforms that seek agility and aesthetics, raised $102 million, an investment in which prominent market players such as Bedrock Capital and Accel participated and reached a market value of $1.1 billion.
Globant invests in Chaco and creates 1,000 new jobs
Globant, a digitally native company that offers technology services, announced yesterday to the Minister of Productive Development, Matías Kulfas, the creation of 1,000 new jobs in Chaco in a period of 5 years and an investment of $8.38 million in the next two years, which includes the construction of a new office in the new Technological Park of the province.
