Watch Live

Tweet TWEET

Argentina’s Southern Cross Buys Shipper Ultrapetrol, Clarin Says

Argentine private equity firm Southern Cross Group acquired a 78 percent stake in shipbuilder and river boat operator Ultrapetrol Ltd (ULTR), Clarin reported today, without saying how it got the information.

The firm owned by Argentine businessman Norberto Morita paid $220 million for the stake, the Buenos Aires-based newspaper said.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.