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5h ago

Banco Nación Preadjudicates 3.9 Billion-Peso Security Deal to Menem-Owned Firm

The provisional award highlights enduring Menem family ties to state security procurement after Martín Menem exited the company last December.

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El vicepresidente de La Libertad Avanza, Martín Menem, encabezó la gira del partido violeta por Misiones. (Foto: Prensa de La Libertad Avanza)
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Martín Menem se desprendió de sus acciones cuatro días antes de la asunción de Javier Milei

Overview

  • Banco Nación preadjudicated Tech Security SRL for a 24-month, 3.933 billion-peso security contract that includes two optional one-year renewals.
  • The contract covers security services at Casa Central, Centro de Procesamiento Paralelo, Edificio Maipú, Edificio de Funcionarios and Aeroparque Jorge Newbery.
  • Final award remains on hold as the bank reviews potential impugnations from competing bidders.
  • Martín Menem’s December 2023 share transfer left Eduardo Adrián Menem, Fernando Nicolás Menem and partner Pablo Ariel Vázquez as the firm’s owners.
  • Tech Security’s track record of state contracts under past administrations and its role in football-match security have prompted transparency concerns in the Milei government.