The fund that invests Cristina denounced terrorism in YPF -------------------------------------------------- ----------------------------------- The group bought shares in the oil because it attracted the regulatory framework. The president accused of destabilizing to the closing of the Donnelley printing ------------------------------------------------------------------------------------------------------------ President Cristina Kirchner yesterday denounced a conspiracy by vulture funds to alter the economic and financial order and frighten the population of which he claimed as one of the protagonists to BlackRock, a group that is a member of the YPF nationalized. According to the president, that investment fund bought from Paul Singer, visible face of holdout NML Elliot, a significant part of the Donnelley printing, which filed for bankruptcy late last week and left on the street to 400 workers decision that the national government will try to apply the controversial anti-terrorism law. The NML background is one of the creditors who fought against Argentina in the courts of New York, and obtained the order of Judge Thomas Griesa receivable over US $ 1,600 million in bond debt. The lack of payment agreement with the company Aurelios Paul Singer and led the country into a selective default condition that would preclude the Government realize its intention to return to international markets to get dollar funding. As you see everything matches with everything, almost everything an international mafia network, he said. The peculiar thing is that despite being part of an alleged global conspiracy against the country, BlackRock played in favor of the Government on several occasions. One of them was mentioned by the very head of state in his speech on Thursday, when he said as curious fact filing an amicus curiae of this fund in support of the position of Argentina in the trial of the century against holdouts . Another less known and published the daily La Nación is the acquisition by BlackRock of two million shares of YPF, the sum amounting to 740 million pesos. Although the amount is tiny compared to the capital that manages this fund - manages a portfolio of nearly $ s232.000 million whichever norteamericana- informed the SEC, the representatives of this group did not skimp on the complimentary arguments by explaining what your investment. Will Landers, one of the fund managers said the operation was the result of attractive valuations and what we feel is a reduced rate for the sector given the chances in the Argentine regulatory framework risk. It is our first investment in the country in several years, Landers raised publicly in June this year. BlackRock has long operated in YPF. He witnessed and interested in the discussion of the expropriation of 51% of the shares to the Spanish Repsol. In February 2013, one of its executives told Bloomberg that she was getting more positive with respect to Argentina.
Posted on: Sat, 16 Aug 2014 18:27:35 +0000