Another big Argentinian company has problems with financing because of the high volatility

One of the consequences of the high volatility of the and devaluation markets of the past few months is that the front-line national companies began to have difficulty accessing

One of these cases is that of Molino Cañuelas who since 2017 is working on a plan that allows him to strengthen his capital structure and to improve his financial situation Short term .

Although the company has performed well in recent years, it faces significant short-term financial milestones due to significant investments in recent years.

During 2017 and the first half of 2018, we worked on the possibility of performing a Public Offer of Shares (IPO for its [acronyme en anglais] on the stock markets of New York and Buenos Aires .

But because of the high volatility of the Argentine market, to date an adequate window has not been presented to specify IPO without prejudice to which the Company is ready and able to seize every opportunity that may arise.

The leaders of the company work with the banks to different financial alternatives to be able to to elaborate an integral plan which allows it to converge towards a structure of viable capital independent of the conjuncture and / or the volatility of the capital market.

These effects, l & # 39; hired company In the opinion of the company Lazard International .

"We want to emphasize that this situation does not affect the normal development of society in relation to employees, suppliers and customers, notwithstanding the situation that the market has been going through over the last 60 days "said the company.

Molino Cañuelas is a regional industrial group specialized in the preparation of flours, oils, biscuits, dry pasta, premixes and frozen foods for industrial and mbad consumption.

A 21 industrial establishments in Argentina, Uruguay and Brazil and arrives with its products in more than 60 countries on five continents.