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Grassi Claims Victory in Vicentin Cramdown as Molinos–Dreyfus Challenges Votes

A court verification of creditor majorities will determine whether Grassi can take control.

Overview

  • Grassi SA says it surpassed the required creditor thresholds and filed for judicial homologation and adjudication of Vicentin’s shares in the Reconquista court.
  • The Molinos Agro–Louis Dreyfus alliance contested key adhesions and asked for an audit of the voter roll before any ruling.
  • Judge Fabián Lorenzini instructed the trustees to verify each adhesion and determine who reached the majorities first under the court’s rules.
  • Trustees reported 1,722 eligible voting creditors and ARS 100,412,824,176 in computable capital, with Vicentin in default for about US$1.333 billion.
  • The deadline to submit adhesions closes at midnight Friday in Santa Fe, after which the court will decide on homologation.