Overview
- Judge Fabián Lorenzini issued the order making the share transfer effective and formalized a new board led by Mariano Grassi, with Leandro Salvatierra as vice president and Hugo A. Grassi as director.
- The Santa Fe court will end the judicial intervention on Dec. 30, restoring full operational, financial and administrative control to the new directorate, with court-appointed overseers continuing in a monitoring role until March 31, 2026.
- An initial reactivation program of roughly US$40 million is underway to restore industrial and commercial operations, supported by reported commercial and financial agreements with Cargill and Bunge to resume exports once permitted.
- Grupo Grassi will retain core assets including the Ricardone and San Lorenzo plants and the Nodo Norte complex, with targeted projects such as a US$30 million feedlot relaunch and US$6–8 million to restore bioethanol capacity.
- Creditors who have not yet chosen a payment option have until March 16, 2026, and the company must file progress reports on Feb. 2, Feb. 23 and Mar. 15, with active outreach required if adhesion remains below 80% by Feb. 23.