FOR IMMEDIATE RELEASE: OCTOBER 9, 2017.
BUENOS AIRES, ARGENTINA. Facundo Corp (NYSE: FCORP) is announcing the selling of its Trenes de Monaciencio (TDM) subsidiary to the Government of Monaciencio for an undisclosed amount.
Facundo Pignanelli, Chairman and CEO of the Company made the following statement:
"TDM was one of our first business; we started from scratch and we built an amazing train system for the people of Monaciencio. It also has given us amazing insight about the transportation industry, which we used to create Voyage Transports, our industrial transportation company. Now it’s time to look forward and we wish the best to the TDM employees and users"
Javier Rodrigez, Ministry of Transport of Monaciencio made the following statement:
“We think the job Facundo Corp has done with TDM it’s amazing, and we look forward to improve it. We want to make clear that the company won’t make any changes to any of the services currently running.”
The transactions has the approval of the board of directors of Facundo Corp and it’s now under SEC examination. It’s expected to be approved in the Q1 of 2018.
Facundo Corp operates many industrial, consumer and financial services across the globe. The company's website can be found at facundocorp.000webhostapp.com. The company's stock symbol is traded in the NYSE as "FCORP".
Click here to download this press release in Adobe Acrobat format.
For additional information please contact:
Martín Gomez
(713) 853-9757
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