An Important Chilean lubber company leaves highly volatile Argentina

Chilean timber company Masisa Wednesday announced it had liquidated all its assets in Argentina to abandon all its operations in the highly volatile neighbouring country. Sadly, it is a pattern of retreat from the Argentine marketplace of many large international investors due to its mismanaged economy and unorthodox Peronist policies, which have resulted in high levels of corruption, inflation and capital flight. Masisa sold its share in Forestal Argentina S.A. and Masisa Forestal S.A., in addition to 72,000…
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