Edifico Acqua in Punta del Este is a new luxury residence complex designed by renowned architect Rafael Viñoly. The project will have up to 34 residential spaces, private swimming pools, and decks for sunbathing. CEO of the project Zsolt Agárdy explains: “We’re noticing a demographic change in the people who are not only looking for a vacation destination, but also for a place to have a second home.”
The Premio Fortuna awards are given to Argentine companies in seventeen different industries, using quantitative analysis indicative of their balance sheet results and yearly performances. These industries include Telecommunications, Steel, Energy, Petroleum, Chemistry, Food and Beverage, Banks, Automotive, and Retail.
The Seventh Competition of Voices performed during the Ciclo de Recitales en las Embajadas (Recitals Cycle in the Embassies) is a competition organized by Alejandro Cordero. The event was held at the Brasilian Embassy and all proceeds benefited the scholarship fund of Fundación Teatro Colon (Colon Theater Foundation). Brazil’s Ambassador Everton Viera Vargas and President Rudolfo Ceretti from the Fundación Teatro Colon spoke before the opera performance in the halls of the Palacio Pareda.
Ángel Estrada y Cía. a company dedicated to the production of school and office paper products, acquired several brands, including Laprida, Congreso, Mis Apuntes, and others for a sum of $770 thousand dollars from Cooperativa de Vivienda, Crédito y Consumo Interamericana Limitada, which was the creditor of C. Della Penna San Luis, a subsidiary of Massuh SA, a previous competitor of Estrada that ran into financial difficulties. This transaction allows Estrada to reinforce its leadership role in the sector, where it now almost exclusively competes with Ledesma S.A.
Ángel Estrada & Cia, with its history of over 135 years, is a leader in its sector with well know brands such as Rivadavia, Arte and America.
In 2007 the company sold its text book publishing division to Macmillan for $ 14.5 Million as well as its subsidiary Pelikan Argentina for $ 3.5 Million in order to reduce its financial debts.
The main shareholders of the company are Francisco Soler and Zsolt Agárdy.
Angel Estrada reorganized its operations in the locality of Esteban Echeverría after a devastating fire in its Carlos Spegazzini Distribution Center in Ezeiza. The company thanked the municipality of Ezeiza for its solidarity and its quick response. President of Ángel Estrada y Compañía S.A. Federico Agárdy thanks his employees and clients for their unconditional support.
After a fire that causes numerous material losses at the end of 2015, Zsolt Agárdy says they are, “working harder than ever.” While there is a lack of state assistance to repair the 140-year old manufacturer of school and commercial products, they have kept their entire team and even increased production since the fire. After such an experience, Ángel Estrada has become a role model on how to keep your company afloat after such a devastating calamity.
CEAL (Central Editor of Latin America) has awarded Tomás Pascual, President of Calidad Pascual, with its Recognized Integral Businessman award. “The Empresario Integral CEAL” award recognizes Social Business Responsibility through initiatives involving business leaders who generate positive social impacts and community development. The CEAL also recognized Zsolt Agárdy for his works.
Latin American Finances
With little to fall back on, Wenceslao Casares and Constancio Larguía decided to assemble their own company and established Patagon.com, a site dedicated to online stock transactions in Latin America. The project was born in March 1997 when, after countless nights and early mornings of collaboration in the University Library. Today, it trades about twenty million dollars, and has the potential of becoming a mandatory destination for financial markets in Latin America.
A brief history of Patagon.com:
1994: Banco Santander (BSCH) launches online
In 1994, Emilio Botin’s entity launches online, with Open Bank’s page opening operations.
1997: The Birth of Patagon.com
In 1997, Wenceslao Casares and Constancio Larguía spend their savings (5 million pesetas) in a common dream: an Internet platform where people could buy and sell stocks. However, Casares wanted the operation to be more than just an internet stock exchange, he also wanted it to be a bank. The young men knocked on many doors, where they eventually found venture capitalist and finance expert Zsolt Agárdy. Mr. Agárdy, of Hungarian origin, was the first investor to place a bet on the young individuals.
March 2000: The Fusion
Banco Santander Central Hispano announces on March 9, 2000 its formal purchasing of 75% of Patagon.com, Latin America’s first financial transactions portal.
At only 25 years old, Constancio Larguia and Wenceslao Casares are owners of twenty-five percent of the site Patagon.com, worth over $705 million. Santander Bank owns the other three quarters of the site at an astounding $528 million. With this operation, the multinational bank hopes to capture potential clients who will conduct all sorts of financial transactions only through the World Wide Web. The company also announced that it will be leaving Patagon.com’s young founders in charge of business development operations in both Europe and Asia.
When Fundraising Becomes an Art
With the theme “A Night in the Far East”, The Asociación Amigos del Museo Nacional de Bellas Artes (The Friends of the National Museum of Arts Association) recruited partners and collected funds for the preservation and conservation of Argentina’s most important Museum.
The Association, presided by its president Dr. Julio Crivelli, gathered together on September 3rd for its annual fundraising dinner. Since 2004, the event has successfully achieved its goals and objectives of contributing to the works that makes MNBA (Museo Nacional de Buenos Aires) one of the largest museums in the world.
The Center for Hemispheric Policy at the University of Miami examines critical issues affecting countries in the Western Hemisphere, examining economic and political developments, U.S. policy and security issues through critical policy discussions and publication. In conjunction with its spring lecture series, Zsolt Agárdy offered his professional expertise amongst a panel of experts in their debate about the economic future of Argentina.