The ascent of Argentina's civilian-military dictatorship in 1976 heralded a significant transformation in the country's economic policies and prompted a neoliberal turn. Focusing on the acquisition of the Compañía Ítalo Argentina de Electricidad (CIAE) in 1978, the article explores the relationship between the dictatorship, private enterprises, and foreign capital. It reveals intricate connections between Argentine officials and Swiss private owners, shedding light on the interplay of international finance and national policymaking. Additionally, the study unveils an unexplored dimension of Switzerland and Argentina's diplomatic and financial ties, underscoring the significant role of Swiss business interests in the country and their impact on international relations. It also shows the longstanding partnership between crucial binational members of the domestic political and economic elite with Swiss business interests in Argentina.