Argentina’s attempts to repair its standing internationally show the nation wants to tap overseas bond markets for the first time since a $95 billion default in 2001, according to former central bank governor Mario Blejer.
Billionaire Paul Singer almost doubled his stake in Celesio AG in the past week in a sign he may try to extract a higher price for his holding as McKesson Corp. seeks to acquire the German drug distributor.
Billionaire Paul Singer built a stake in German drug distributor Celesio AG, in a sign that he may be trying to extract a higher price for his shares as part of McKesson Corp.’s planned acquisition of the company.
Elliott Management Corp., the hedge fund run by billionaire Paul Singer that owns defaulted Argentine debt, said it’s only willing to negotiate a settlement with the government and has no interest in holding talks with fellow bondholders.
On a scorching April morning in Monterrey, Mexico, Enrique Garcia, Vitro SAB’s local plant manager, crosses under a mural that commemorates the 100th anniversary of the company’s first glass factory. He points to brick structures from the original plant.
Gramercy Funds Management LLC, the hedge fund that helped orchestrate Argentina’s defaulted-debt exchange in 2010, is seeking support from bondholders to help end a decade-long legal battle with the government.