Overview
- Judge Fabián Lorenzini set a 1,100 million peso cash deposit deadline on July 14 that narrowed the original 11 registrants to four qualified bidders.
- The approved suitors include Bunge Argentina SA, Grassi SA, Unión Agrícola de Avellaneda and the LDC Argentina SA–Molinos Agro SA consortium.
- Twenty-five percent of each deposit will fund court expenses while the remaining seventy-five percent is refundable to unsuccessful participants once the process concludes.
- A court-appointed evaluator must submit a valuation report by August 29, which will shape the subsequent creditor voting round.
- Vicentin’s outstanding appeal to the Supreme Court over a prior creditors’ pact could influence the cramdown’s final judgment.