Sociedad Comercial del Plata is a diversified Argentine holding company, with interests primarily in the energy, rail transport, real estate, and tourism sectors.
Overview
Sociedad Comercial del Plata was founded in Buenos Aires on June 7, 1927,[2] and became a holding company with varied interests, primarily real estate.[3] 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)[4] 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.[5] 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.