Investment: Peter Thiel joins Argentina's largest oil exporter
The billionaire is expanding his connections to Argentina: In addition to a property in Buenos Aires, Thiel now also holds a stake in Vista Energy - which is profiting from fracking under Milei.
Peter Thiel's hedge fund, Macro, has acquired a significant stake in Vista Energy SAB, Argentina's largest oil exporter. As of June 30, the fund held approximately 1.2 million Vista shares, valued at around $76 million. This investment marks Thiel's deepening involvement with Argentina, where he has also purchased a villa in Buenos Aires and met with President Javier Milei, a like-minded libertarian.
Vista Energy, founded by Miguel Galuccio in 2017, is a major player in Argentina's Vaca Muerta shale formation, where it is increasing oil and gas production.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
