Overview
- The company said the financing, authorized by the San Lorenzo commercial court, totals up to $18 million at a 10% annual rate over 24 months and will be implemented through a guarantee trust backed by assigned receivables.
- Initial disbursements are earmarked for September wages and essential costs to bring the Capitán Bermúdez plant back online this week after production was paused in July.
- Celulosa remains under a concurso preventivo following steep deterioration in results, reporting a comprehensive loss of ARS 172.634 billion for the period to May 31 with revenue down 44% and output lower.
- New controller Esteban Nofal acquired 45.5% control in mid‑September for a symbolic $1 and assumed liabilities exceeding $128 million, taking over from Tapebicuá Investment Company.
- The CNV rejected a request to waive the mandatory offer but granted a Law 26.831 exception that limits the pricing reference to the highest price Nofal paid for shares in the past 12 months, with an independent evaluator to determine the equitable offer.