After a number of false starts, President Carlos Menem's sell-off plan is finally whittling down Argentina's huge inventory of official assets, large and small. On Aug. 29, bidders paid $1.3 million for five floors of office space in downtown Buenos Aires, and developers are eyeing 2 1/2 acres of prime land near the presidential palace to be auctioned on Sept. 19. Petrochemical and steel plants will go on the block later this year.

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