Years ago, acquirers would blithely assume
significant Pension Liabilities, but those days are long gone... We need to chop this GBP 105.7 mio
Deficit (net of Deferred Tax) off the price also.
In the four years before President Macri's arrival, the Argentine economy grew at a paltry 1.6 % rate per year — meaning that, in per capita terms, it didn't grow at all... Consumer inflation, on the other hand, averaged almost 30 % per year... At the end of May, the government announced a plan to increase public
pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a
significant amount of money and make meeting primary
deficit targets... all but impossible to achieve.