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GCDI approves AR$ 3.7 billion contract for Mar del Plata stadium renovations
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GCDI approves AR$ 3.7 billion contract for Mar del Plata stadium renovations
  • GCDI’s board approved a construction contract with Minella Stadium on November 13, 2026, valued at ARS 3.7 billion before VAT.
  • The contract covers first-phase renovations of José María Minella Stadium and Islas Malvinas indoor stadium in Mar del Plata.
  • Pricing uses a July 2026 base, with monthly adjustments tied to the Argentine Chamber of Construction’s general index.
  • Work is scheduled to take 120 days from the signing of the commencement certificate.
  • The related-party contract exceeds 1% of shareholders’ equity; the audit committee deemed its terms reasonably consistent with normal market conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GCDI SA published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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