Question · Q2 2025
Lorena Wright from Luker Analytics asked about the amount paid for the St. Maarten acquisition and requested more detail on the $106 million acquisition of short-term investments shown in the cash flow statement.
Answer
CFO Mariano Tannenbaum clarified that the cash payment for the rights to St. Maarten was not a material sum. He explained that the $106 million in short-term investments were simply time deposits with top-tier banks, executed to minimize the carry cost of funds raised from the company's latest bond issuance in January.
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