Corporación America is a company that develops airport business, not only in Argentina but also in countries such as Uruguay, Italy and Armenia, among others.
Zvartnots, an Armenian airport located in an area that functions as a link between Europe and East, this is maintained by the successful businessman Eduardo Eurnekian.
The airport began to be rebuilt, in December 2001 a few years after the businessman Eduardo Eurnekian obtain concession "Aeropuertos Argentina 2000" for 30 years. It is an intelligent building with 18,000 m2 incorporating seismic technology, increased opportunities for retail and more services for passengers.
For Eduardo Eurnekian is "a new door to the world."
"It's impressive, modern, representative of art and beauty. It is the most important entry to Armenia and gives the correct picture of our nearest future, "the president of Armenia.
Eduardo Eurnekian, he was always happy that the Armenian government was entrusted with the modernization of Zvartnots and stresses that a project is significant because "he deserves Armenia"
Eduardo Eurnekian and Ernesto Gutiérrez Conte fly closer Telecom Argentina. To achieve the final landing in the disputed local phone and take charge of the Telecom Italia will sell, employers of America Corporation and Aeropuertos Argentina 2000 thought a partner of weight: they sought the support of the powerful magnate Carlos Slim. With it, between Saturday 19 and Sunday 20, will meet in New York to hammer out the details of the deal that will unite into society to submit its proposal.
Three is a company that competes with other bidders in dance, would have weight factors when submitting the offer: local executives sound entry into government and financial back as the Mexican, who also has expertise in business. However, for landing multiple instances to be overcome. Among them, the repairs that could have local owners of Telecom Argentina, Werthein, and some questions regarding the financial and equity structure to be implemented.
When in late January, Ernesto Gutierrez FORTUNA you anticipating that the group was led by "near Telecom" was not even, say, or embryonic relationship with Slim. The first contacts, sources have closely followed the negotiations, were generated under the "Council of the Americas", the international forum that brings together entrepreneurs from the region. So he and Slim Gutiérrez Conte had initial discussions then were consolidated, although the owner of Telmex also linked him with other parties to enter the phone: the logistical entrepreneur Alfredo Roman.
However, this closeness with the owner of Exolgan was losing weight and, in contrast, employers in America Corporation oiled links. So much so that in the last 15 days, much progress in negotiations between the parties. The Mexican is always interested in growth potential in its phone business. Since 2000 he was its focus on Telecom, an important piece to move the country head to head race he has with Telefonica in the Spanish of the region. Here seek to enter the residential market as Telmex, with local presence, but provides services to businesses. The total value of Telecom Argentina, according to estimates by industry specialists, is U $ S 3,500 million, but if you apply the "Argentine cost" is U $ S 2,900 million for the discount rate applied by the country risk , currently 730 pp.
Reserve Meeting
The Italians ruled forced to divest under the National Defense Commission of Competition (CNDC) put a price on his part: U.S. $ 500 million. The actual value of 50% of its interest in quelling (controlling the telephone), which represents 18% stake in Telecom Argentina, is U $ S520 million if the discount rate applied by the country risk. Of course, here are also other factors when negotiating: the pressure to print the Italian Government to the arising of the company, the prohibition on telephone companies can provide TV signal, the high or low risk country that may provided, the method of payment to offer potential buyers, among other items that define the price.
Either way, the amount of this operation is high for most potential local buyers. So Conte Eurnekian and Gutierrez sought to address wider behind the operation, which would be a leveraged buyout with the shares of Telecom Argentina and would be supported by Inbursa, a finance company Slim group, led by his son Marco Antonio.
However, for now, those familiar with the interfacing of the topic, do not talk about the direct involvement of companies like Telmex, Inbursa, AA2000 or Corporate America in the structuring of the deal, but only the names of three entrepreneurs who lead the union.
This weekend, 19 to 20, almost autumnal in New York City, taking advantage of attending a forum within the UN, Carlos Slim, Ernesto Gutierrez Eduardo Eurnekian Conte and shook hands before sitting down to determine, in a private meeting, how will the contribution of Mexican businessman to join the tripartite society.
At that meeting and would not need to agree on how to go for the Italian part of Telecom. Here the three terms in the last stitches to give the conditions which will set the society, something which is becoming a fact. That paper, say those who are close to the negotiations, will be left to a consulting company that has already been chosen for this purpose so that in the early days of the week beginning Monday 21, with the onset of spring in these latitudes, legally grant him the deal that will unite from now on until they file the formal offer to Credit Suisse, the investment bank appointed by Telecom Italia to carry out the operation.
Where to dig two
The Werthein, meanwhile, are closely following all the strategies and rumors that slide around Telecom. And also evaluating the possibility of each candidate that could have short-term. The company Eurnekian-Gutierrez, who shuffled in principle, be welcomed by the local owners of Telecom. Although, of course, not the same be a member of two Argentine companies, which be one of the world's richest men and owner of the most powerful telecommunications conglomerate in Latin America.
"With Eduardo Eurnekian and Ernesto Gutierrez have been contacted by the theme of Telecom Argentina and have very good relationship. In talks that have kept it became clear that stakeholders will be those who manage the various circumstances that involve a purchase transaction, since the Werthein not be an obstacle in that process. If you happen to be, finally, buyers, be agreed contract terms, "said a company source linked to the W.
The situation changes color when you put on the table the possibility that it is Carlos Slim who entered. "With Slim we are not sure which is the same as with Eurnekian and Gutierrez. The incorporation of a shareholder of that size has its advantages and disadvantages, Slim input means having great international partner to deliver value to the company. But disadvantage is seen as a huge asymmetry of power between the participants. This means that in the case of Slim income should be explored with the details of the contract time, "adds the source.
Of course, before this flurry of rumors about possible bids, the Italians do not stay still. On Wednesday 16 filed an appeal with the Justice against Resolution 483 of the NCDC, which forces them to disinvest. In this presentation, Telecom Italia calls for "suspension of the effects of that decision."
Meanwhile, there are many names in dance around the phone, such as Grupo Clarin and Mario Quintana, Alfredo Román well. However, from the side of local partners to ensure telecom quee no one has approached them expressing interest in joining the company.
There is also another point: in front of any specific offer to buy part of Telecom Italia, the right of preference has he W. According to the contract, before the retreat of the Europeans and the presence of a particular offer, they should first consult Werthein.
They have a deadline by which to be issued in writing whether or not they are interested in moving forward on that part. If they are, s'plo need to match the proposal and the right of preference, they stay with their participation.
Voices from the Market
Some industry analysts are skeptical that Slim can enter Telecom, at least as an explicit action, since it would oblige the regulatory authorities to make tough decisions as to how it will shape the market, especially in the field of mobile telephony. If you buy Slim, would remain under its control and Staff course.
A first step that arises from this situation is that the state forced to divest. But another, prior to this, is that companies remain independent. "One possibility is that Pesonal stay aside from the possible transaction and that future is sold to another company interested in entering the Argentine market," analyst speculates Enrique Carrier.
For his part, Carlos Blanco, another telecommunications specialist, believes that the placing of Slim, in partnership with Ernesto Gutierrez and Eduardo Eurnekian, could be "two steps" "For now, Slim would only financier but surely will have a refusal to buy the part in question later, "he adds.
The truth is that Telecom is tempting to new applicants. Beyond the hors Telefonic the possibility of providing triple play, as decided by President Cristina Kirchner to siphon votes and win approval of the Law on Audiovisual Communication Representatives. This loss of opportunity, however painful and can lower the price of the telco, for the moment does not mean that many think of the purchase. Because business remains strong. Very big.
On 3 and 10 October, about 500 relatives of fallen Argentine soldiers in the Falklands War will travel to the islands for the inauguration of the Cenotaph in Darwin Cemetery by Eduardo Eurnekian, president of Corporate America.
Eurnekian committed in making this site a full contribution to the town well into Argentina as the Malvinas war was attended by thousands of young people, for homeland defense, have lost their lives.
Given an event as important events in Argentina, Eurnekian believes that the pain that must live with the families of these young soldiers are worthy of a place, where for a moment, sit in communion with their affections.
The monument was inaugurated relatives installed on 8 April 2004.
President Serzh Sargsyan today received the Argentine-Armenian businessman Eduardo Eurnekian, President of American International Airports, which is responsible Zvartnots International Airport in Yerevan, among others.
Eurnekian reported that the programs implemented in Armenia in various areas were developing normally. The partners agreed that it was necessary to move forward despite difficulties caused by the economic-financial crisis.
Eurnekian submitted investment programs in the field of agriculture and noted that they are implementing new technologies, new methods of cultivation and irrigation.
During the meeting reference was made to the banking and initiatives of the Company are Post, who passed to Eurnekian Group since July 2008 and is the national postal operator of the Republic of Armenia, providing postal services, payment and services public. Post There currently operates through its 900 post offices across Armenia, in urban and remote rural areas.
Argentina's Eduardo Eurnekian is a hard-charging visionary who has built an almost $1 billion media empire in the past decade. Now, this local version of Citizen Kane wants to become Argentina's tourism king.
Earlier this month, a consortium led by Mr. Eurnekian won a 30-year concession to run 33 of the country's main airports. He has bought the Howard Johnsons master franchise for Argentine from Cendant Corp. of the U.S. and plans to pepper this vast country with U.S.-style hotels and motels. And he's engaged in talks to invest in a regional airline company.
"Tourism is going to be a geometric growth business in Argentina," says the 65-year-old Mr. Eurnekian in a rare interview. He says the Argentina of today is like the U.S. of the Eisenhower era: a place of newly affluent people who, coming out of years of hardship, want to stretch their legs. "The demand for U.S.-style and U.S.-quality services will be fantastic."
It had better be, given the size of the commitments made by Mr. Eurnekian and his partners in the airport deal. Together with New York-based ground-services giant Ogden Corp. and Italy's Assaeroporti SpA, the operator of Milan airport, Mr. Eurnekian's Corp. America Sudamericana SA has pledged to pay more than $5 billion to the government and to make $2.2 billion in new investments during the life of the concession. Currently, only two of the 33 airports are profitable and even those are in need of a major overhaul.
Not that this matters to the international audience, but Eduardo Eurnekian - who happens to be the businessman in question - already operates Zvartnots Airport.
The press service of the bank reports that the new owner intends to continue the bank's normal activities and upgrade the quality of services. It will not be difficult to make the Conversebank Armenia's best bank because a number of international organizations have recognized it as one of the leading banks in the country, Eurnekian said.
Eurnekian's strategic policy will be aimed at promoting business development in Armenia, creating new jobs, applying up-to-date technologies and ensuring the bank's long-term development.
The press release aside, we may be witnessing the emergence of a new businessman in Yerevan.
Eduaro Eurnekian and Aeropuertos Argentina 2000 has embarked on a process to modernize, convert, and expand the existing airport infrastructure, with the ultimate goal of connecting the largest number of cities possible through an efficient airport network. This is the reason for the $5.3 million investment earmarked for construction of a new meteorological station and a new beacon system and for remodeling the electrical substations at the International Airport of Córdoba Ambrosio Taravella.
The new meteorological station will cost a total of $3.6 million and consist of the construction of a 160-square meter building, a 70-square meter storehouse, a meteorological observation camp, a remote meteorological station, observation instruments, and access roads.
This new meteorological station will replace the existing one, where hangars will be built in the near future.
The new beacon system requires an investment of $1.7 million. This work includes new circuits, replacement of isolation transformers and runway lightning. The electrical substation will be remodeled as well. New electrical equipment, voltage transformers, and a power cable to feed the new meteorological station will be built.
The remodeling process will last seven months, during which time the airport will be open and working normally.
This new stage in the remodeling process is part of the Master Plan that Aeropuertos Argentina 2000 designed for Córdoba's Airport. Last year, the Company earmarked $15 million to rebuild 6,700-sqaure meters of tarmac.
Cordoba's Airport was reopened in May 2006 after a remodeling plan that required an investment of $50 million. Due to those works, the airport's annual traffic grew from 1.1 million to 2.4 million people. The airport occupies 19,000-square meters and utilizes state-of-the-art technology in security and services.
During the Fifth Summit of the Americas held in Trinidad and Tobago between April 17-19, 2009, Corporación América with the chairmaster Eduardo Eurnekian, presented the Bi-Oceanic Corridor Project that will connect MERCOSUR to Asian markets.
Former Secretary of State and actual Special Advisory of Corporación América, Rafael Bielsa, was in charge of the presentation during the II Hemispheric Private Sector Forum held in Port of Spain as one of the Forums previous to the Summit. Bielsa was part of the panel "Largest Infrastructure Projects in the Americas " with Inter-American Development Bank (IADB) President, Luis Alberto Moreno, and Corporación Andina de Fomento (CAF) President & CEO, Enrique García. IADB and CAF are both the main financiers of the project.
With an investment of U$3.000 million, the Bi-Oceanic Corridor will link, trough a broad gauge railroad system, the cities of Luján de Cuyo in Mendoza with Los Andes in the 5th Region of Chile. The 52 Km. tunnel will be built 2.300 meters above sea level and will be open 365 days a year.
"This project can be compared to the Suez and Panama Canals because it will be the first tunnel linking two oceans and five countries, including Uruguay, Brazil and Paraguay", said Bielsa during his dissertation.
This tunnel is not only a door for MERCOSUR to international markets such as China, Australia and West of USA and Mexico, but will also allow Chile to gain access to European and African markets through the Buenos Aires Port.
Argentina and Chile exchange 7,5 million tons a year trough the actual border crossing, Cristo Redentor. This crossing is 3.200 meters above sea level, and stays closed for almost 2 months a year due to climate. Estimations calculate that in year 2020 these countries would reach, thanks to the Bi-Oceanic Corridor, a bilateral exchange of 20 million annual tons.
Already six companies integrate the holding that participate in the tunnel construction. The Brazilian construction company Odebrecht has lately joined the Chilean Interocéanica, the Argentinean José Cartellone Civil Constructions, the Spanish COMSA, and the Italian GEODATA.
As for the steps to follow, former Secretary of State Rafael Bielsa said that "the holding has signed memos of understanding and the initiative has been declared of national interest by both the Argentinean and Chilean governments".
