GE plans to invest $10 billion in Argentina through 2026

GE plans to invest $10 billion in Argentina through 2026 U.S. industrial conglomerate General Electric will invest $10 billion in Argentina over the next decade, vice chairman John Rice said on Monday, the latest foreign company to announce new plans since President Mauricio Macri took office. GE has already invested $1.2 billion alongside local partners and customers in the past four months, the company said in a statement. GE said its investment will help build seven power plants that will add around 1 gigawatt to the country’s electric system, Fortune reports. Brazil’s BRF prepares IPO worth about $5-billion BRF, Brazil’s biggest processed-food maker, is working with Morgan Stanley and Bank of America Corp. on a planned initial public offering of […]

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