Sociedad Comercial del Plata
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| Sociedad Anónima | |
| Traded as | : COME |
| Industry | Investments |
| Founded | 1927) |
| Headquarters | Buenos Aires, Argentina |
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Key people
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Ignacio Noél (Chairman) |
| Products |
Energy Real estate Tourism Rail transport |
| Revenue |
 US$ 185.2 million (2012)
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US$185.8 million (2012)
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| Website | scp |
Sociedad Comercial del Plata is a diversified Argentine holding company, with interests primarily in the energy, rail transport, real estate, and tourism sectors.
Sociedad Comercial del Plata was founded in Buenos Aires on June 7, 1927, and became a holding company with varied interests, primarily real estate. Francisco Soldati (a nephew of José Francisco Soldati, the owner of the city's largest utility, the Italian-Argentine Electric Company, and founder of the Villa Lugano ward of Buenos Aires) bought controlling interest in SCP in 1965, and expanded the company into petroleum transport; he ultimately lost his life in a November 1979 bombing carried out by the far-left Montoneros terrorist group, in one of their last attacks.
His son, Francisco, became President of SCP in 1976. SCP remained focused on its fuel and electricity, and established a realty, Del Plata Propiedades, though the group's growth was hampered by the debt and inflation crisis in the local economy during the 1980s. The younger Francisco Soldati died in a polo accident in April 1991.
His younger brother, Santiago Soldati, took control of SCP at a time when Argentine President Carlos Menem and Economy Minister Domingo Cavallo were advancing an ambitious privatizations policy. SCP became a minority shareholder in newly privatized television, telephone, natural gas, electricity, freight rail services, as well as the metro Buenos Aires water utility. These became Telefé, Telefónica de Argentina, Transportadora de Gas del Norte, Transener, Ferroexpreso Pampeano and Aguas Argentinas, respectively, during the early 1990s. SCP also gained control of water utilities in Córdoba, La Plata, and Santa Fe.
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Wikipedia