Overview
- At least 16 companies have exited or are in exit processes during Javier Milei’s 21 months in office, according to recent tallies.
- Adecoagro and the Asociación de Cooperativas Argentinas agreed to buy Nutrien’s 50% stake in fertilizer producer Profertil for about $600 million, moving a key asset into local hands.
- TotalEnergies transferred stakes in two Vaca Muerta blocks to YPF under an August agreement, extending a broader foreign pullback from upstream oil and gas.
- Large sale processes remain active, with Carrefour receiving seven offers for its 600-plus stores, Burger King’s Argentina operation marketed by BBVA, and Raízen seeking buyers for the Shell network and Dock Sud refinery.
- The retrenchment is reshaping jobs and industries, with Paramount moving to sell Telefe and plant closures at Comeca and Mustad cutting roughly 250 positions on top of earlier layoffs such as Magnera’s in Pilar.