RIO DE JANEIRO, BRAZIL - Argentina's current President Mauricio Macri acknowledged the defeat in the open primary elections for the presidential race held on Sunday, August 11th.

With 95.75 percent of polling stations tallied early Monday, opponent Alberto Fernández garnered 47.57 percent of the votes, while Macri received 32.17 percent. Roberto Lavagna finished third with 8.24 percent of the votes.

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