Overview
- Grassi S.A. told the Reconquista court it surpassed the required creditor and capital thresholds and formally asked for homologation and adjudication of Vicentin’s shares.
- Molinos Agro and Louis Dreyfus Company said they secured more than 1,180 conformities and two‑thirds of the capital from what they call legitimate creditors, requesting judicial validation.
- The Molinos–LDC consortium sought audits and the exclusion of specific votes, notably ties to Avir South/Esteban Nofal, Commodities/Grassi, and Vicentin Paraguay, arguing conflicts that could change the count.
- The sindicatura plural must verify who reached the dual majorities first—simple majority of creditors plus two‑thirds of verified capital—before Judge Lorenzini issues a ruling.
- The outcome will shape creditor recoveries and operations at key Santa Fe plants, with Molinos–LDC outlining a US$50–70 million restart plan involving UAA at the Nodo Norte and Grassi proposing an associative relaunch with reported backing from global grain firms.