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Argentina, bondholders fail to reach agreement in negotiations session
By Caroline Salls
Pittsburgh, Feb. 2 – The special master for settlement negotiations between the Republic of Argentina and bondholders said no agreement had been reached yet after talks held Monday.
Special master Daniel A. Pollack said Argentina was represented in Monday’s negotiations by the secretary of finance, Luis Caputo, the vice chief of the cabinet, Mario Quintana, and the undersecretary of finance, Santiago Bausili. Meanwhile, the “holdout” bondholders were represented by principals of Elliott Management, Aurelius Capital, Bracebridge Capital, Montreux Partners, Dart Management and Davidson Kempner.
The meeting lasted about four hours, Pollack said.
“Ideas were discussed, informally for the resolution of the claims, which now total approximately $9 billion,” Pollack said.
“No specific date or time has been set for resumption of negotiations, but it is possible that they will continue this week.
“In my capacity as special master I will continue to meet with the parties, individually, and, possibly, together, in an attempt to help them reach agreement.”
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