Argentine businessman Gregorio Perez Compancfood company owner Rio de la Plata Mills and Agro Millsand oil company Peckdied this Friday at 89 years oldwhich is confirmed by politicians and the media of the South American country.

“I say goodbye to one of the great entrepreneurs, organizers and builders of great things in Argentina,” he said in a message published on his official profile on the social network X. former Senate President pro temporeFederico Pinedo (2015–2019).

Perez Companc (Buenos Aires, 1934), according to a list periodically published by Forbes magazine, was fourth richest man in Argentinawith estimated net worth $4.2 billion.

Having started his business in various fields, Perez Companque founded the company in 1948. Oil company Perez Compank (Pecom), and in 1968 Bank of Rio de la Plata.

In 1975, the businessman acquired a majority of the company’s shares. Argentine Energy Societyand six years later created Argentine nuclear fuel in partnership with National Atomic Energy Commission (SNEA).

But the most important step in his long business career came in 1998, when he bought a food manufacturing company. Rio de la Plata Millsmatrix of brands such as Chef, Luchetti, White flower And Roosterand one of the main business conglomerates its sector in Latin America.

The company was spun off in 2016, separating the grains and oilseeds business from the rest of the company and renamed Molinos Agro.

Perez Companc withdrawal corporate activities in 2009, provision at seven children property of their own companies.