Edding Acquisition: How a $1 Deal Could Be a Goldmine for Entrepreneurs
In March 2023, the German company Edding announced the sale of its Argentine subsidiary to Parallel, a company owned by the Mendizabal Group, for a symbolic value of one dollar. The transaction was completed on March 31 of the same year.
Edding's decision to sell its operations in Argentina was due to a number of factors, including:
The economic difficult…