President of Papel Prensa Co. was replaced by court order

August 31, 2012

Federal Judge Maria Cristina O’Reilly ordered to move González Rosas, Clarin representative of the Papel Prensa Co Presidency. She ordered that the meeting to be resumed on September 25.

A statement from the Ministry of Domestic Trade, directed by Guillermo Moreno, “justice ruled ensure continuity of the ordinary and extraordinary meeting of Papel Prensa SA that was called by court for August 29 and that was suspended after the representatives of the National Government left the place a result of excessive violence exhibited by participants from the private capital of the company. “

“The judge appointed for a period of 90 days to two legal controllers (Fernández Moores and Debenetti) who shall provide a monthly report about his involvement in the company.”

“Justice through the decision ratifies the arguments expressed by the representative of the Federal Government, which credited its request both the relevant documentation as filming” the statement said.