151:, a state agricultural purchasing and export agent. The company responded by extending its reach into the country fast-growing retail processed foods market, and though its prominence as the nation's chief exporter was partly restored by Perón's 1955 ousting and the IAPI's liquidation, its focus remained domestic over the next three decades. A privately held company, Bunge & Born did not release periodical financial statements, though it did report US$ 2bn in gross receipts in 1962; by then it had become an agribusiness leader, operating 110 offices worldwide.
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rate increases on public services (around 500%), a simplified exchange rate and a massive, mandatory wage hike led to a sharp economic turnaround between July and
November 1989. This foray into government policy making, however, ended in a new currency crisis that December and the failure (compounded by the company's lackluster business performance) resulted in Born's 1991 ouster from the board; he was replaced by Chief Operations Officer
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safehouse for nine months until their June 1975 release, something made possible without public suspicion of outside involvement by the agency's numerous contacts inside the
Montoneros (including the leader, Mario Firmenich). Freed for a US$ 60 million ransom (the largest on record at that time), the
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to the
Argentine Presidency in May 1989, however, resulted in an agreement between the President-elect and Jorge Born that gave the company partial control over national economic policy. Bunge & Born provided the Menem government with its first two economy ministers, and the combination of large
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The Bunge, Born, Hirsch, Engels and De La Tour families remained the company's chief stockholders, and by extension, leaders in the domestic textile, paint, chemical, fertilizer, and food processing industries. On
September 19, 1974, however, the consortium was shaken by the kidnapping of siblings
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Beset by the rift between Jorge Born and his brother, Juan, the prior unity between the shareholders disintegrated as
Caraballo struggled to modernize the company. Family frictions intensified when Jorge Born formed a business partnership with one of his former kidnappers, erstwhile Montonero
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in 1994, retaining the Bunge y Born name only in
Argentina. Bunge remained a privately held company of 180 shareholders (including the longtime controlling family interests) and divested itself in 1998, of almost all its retail foods interests in favor of a greater role in international
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in 1905, and by 1910, they reportedly controlled 80% of
Argentine cereal exports (Argentina was, by then, the world's third-largest grain exporter). They later established paint manufacturer
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Retaining their
Argentine interests (44 companies, by the 1980s), the families continued to suffer from ongoing disputes, and in 1987, CEO Mario Hirsch died suddenly. The election of
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132:(1932), among others; by the late 1920s, the company's annual export receipts alone reached US$ 300 million. The company inaugurated its
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and commodity markets; by then the company's gross annual turnover had reached US$ 13 billion. Bunge ultimately went
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by Johann Bunge, in 1818. Following the purchase of 60,000 hectares (150,000 acres) of prime
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Bunge & Born's near-monopoly on cereal and flour exports ended with populist
President
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bag manufacturer, following which they successfully lobbied government policy makers for
104:(later a leader in the local retail foods market). The company started Argentina's first
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on the then-critical commercial staple. They established a mortgage bank, the
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whose uncle, Carl Bunge, had been Consul
General in Argentina for both the
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Argentina: 1516-1982. University of California Press, 1987. p.172
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ordeal triggered the company headquarters' relocation to
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Bunge & Born was founded in 1884 by Ernesto Bunge, a
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Jorge and Juan Born by the far-left terrorist group,
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378:: Inflation Unites Peronists and Argentine Business
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338:: Decline of an Argentine dynasty. January 1999"
392:: La retirada final del grupo Bunge & Born
16:Former multinational corporation in Argentina
62:Bunge & Born's Buenos Aires headquarters
90:wheat fields, Bunge & Born established
450:Conglomerate companies established in 1884
159:. The Born brothers were kept in a known
242:En la Argentina: el caso de Bunge y Born
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124:(1925), chemical and fertilizer maker
98:lot in 1902, and with it, established
460:Conglomerate companies of Argentina
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200:The company was converted into the
34:, whose diverse interests included
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304:Historical Dictionary of Argentina
114:Banco Hipotecario Franco Argentino
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280:"Inmueble sito en 25 de Mayo 501"
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455:1884 establishments in Argentina
306:. London: Scarecrow Press, 1978.
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282:. Ciudad Baires. Archived from
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147:'s 1946 establishment of the
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161:Argentine State Intelligence
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38:and international trade in
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24:multinational corporation
265:INDEC: Comercio exterior
365:. Westview Press, 1993.
101:Molinos Río de la Plata
116:, and a subsidiary in
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46:. It is now known as
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318:. October 19, 1963.
206:Bunge International
196:Bunge International
138:Leandro Alem Avenue
397:2009-03-12 at the
361:Andersen, Martin.
221:in 2001, becoming
190:Rodolfo Galimberti
110:protective tariffs
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182:Octavio Caraballo
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445:Bunge & Born
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416:. Archived from
414:"Bunge timeline"
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211:agribusiness
204:-registered
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28:Buenos Aires
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188:strategist
72:Netherlands
439:Categories
424:2011-12-13
348:2009-07-01
290:2011-05-19
229:References
157:Montoneros
145:Juan Perón
134:neo-gothic
336:Euromoney
166:São Paulo
92:Centenera
84:Amsterdam
32:Argentina
26:based in
395:Archived
44:oilseeds
217:on the
202:Bermuda
80:Antwerp
76:Prussia
54:History
390:Clarín
215:public
118:Brazil
106:burlap
88:pampas
40:grains
22:was a
130:Grafa
219:NYSE
149:IAPI
122:Alba
74:and
42:and
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