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Court Schedules September Auction of Austral Construcciones Assets

This remate marks the final liquidation step for the scandal-tainted firm with the Santa Cruz government placing a formal pre-auction bid.

Overview

  • Juzgado Nacional en lo Comercial N° 28 set the judicial auction for September 25 at 9:30 in the Dirección de Subastas Judiciales in Buenos Aires.
  • The catalogue lists 28 machinery and material lots—including loaders, compactors, pavers, graders, excavators—plus two road tractors and real estate at Río Gallegos and near El Calafate.
  • Sale terms require cash offers in pesos, a 10% commission plus VAT, a 0.25% Supreme Court fee and a 20% deposit by September 24 at 10:00.
  • Assets will be on public display on September 19 and 20 in Buenos Aires and sealed bids must be submitted by the morning of September 24.
  • The Santa Cruz government formally registered as an interested buyer and lodged a $2 million offer for the central Río Gallegos obrador ahead of the remate.