Argentina

Cousin of Argentina’s Macri sells company to avoid conflicts

BUENOS AIRES: Argentine businessman Angel Calcaterra, a cousin of President Mauricio Macri, sold his construction company to avoid any conflicts of interest, a spokesman for the company told Reuters on Friday.

Calcaterra’s Iecsa construction company was bought by a group of investors who own Pampa Energia SA, one of Argentina’s main electricity companies. In a statement sent to journalists, the company’s new board said the company would be renamed Strategic Construction and Development Group of Argentina, or Sacde by its Spanish acronym.

The move comes as Macri’s government is taking steps to prevent further complaints about the first-term leader’s business ties. Earlier this month, the administration delayed approving…

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