The operation was carried out in Spain, and thanks to Martínez, Magnetto had priority over a group of entrepreneurs close to the South American leader who were also after that business. These days, Monterrey financier David Martínez, owner of the Fintech Advisory fund, is making headlines in the business press for his intention to buy Ahmsa's operations in Coahuila, a company that collapsed during Andrés Manuel López Obrador's term. Less known are his dealings related to Argentina, the country in the region he understands best after Mexico - he has been operating there for twenty years - and where this week he backed the closure of operations at Alpek, the petrochemical company of Grupo Alfa, a conglomerate of which Martínez is a counselor and shareholder. The Argentine government has not yet authorized the operation in regulatory bodies. Martínez has a very close relationship with Héctor Magnetto, head of said group. A bond that was forged when Clarín was in an open battle with the government of Cristina Kirchner and Martínez was a shareholder in Telecom, one of the conglomerate's subsidiaries. Last year, Martínez also went against the Milei government and helped Magnetto so that Clarín could manage to buy Telefónica's Argentine business. A source from the Alfa corporate office in San Pedro Garza García confirmed this to LPO. Alpek, dedicated to the production of polymers and PET resins, had acquired a production unit on the outskirts of Buenos Aires in 2014 and has now announced the end of operations for March 31. The company explained its closure due to the collapse of consumption in the region's third-largest economy, the lack of regulations that encourage the use of recycled materials, and the growing competitive pressure from imported products, especially from China. Beyond the current scenario, Martínez's advice was heeded because it pointed in one direction: he estimated that it is complicated for productive activities to grow again before Javier Milei's term ends in 2027. Martínez is highly listened to on all matters related to Argentina because of his closeness to Grupo Clarín, the country's largest media and telecommunications company.
