RIO DE JANEIRO, BRAZIL - Argentina's President Alberto Fernández used his vice-president Cristina Kirchner's handbook to seek a plan to nationalize agricultural trading company Vicentin SAIC, a move that should alarm the soybean markets and the country's investors.
Fernández's government will take control of Vicentin for the next 60 days as it seeks Congress approval to expropriate the agricultural enterprise, which applied for judicial reorganization last year after suffering the impact of currency fluctuations.
"This is a statist vision for the 21st century," said Production Minister Matias Kulfas in an interview Monday after the . . .