Overview
- Grassi S.A. filed in the Reconquista court to homologate its agreement and receive Vicentin’s shares after stating it reached the dual majorities required by Law 24.522.
- Molinos Agro and Louis Dreyfus Company formally impugned key adhesions and asked the judge to exclude certain claims, including those linked to Avir South/Esteban Nofal, Commodities/Grassi, and Vicentín Paraguay.
- The Sindicatura Plural will verify the vote count, authenticate adhesions, and determine who reached the majorities first before Judge Fabián Lorenzini rules.
- The adhesion window closed late Oct. 31/early Nov. 1 with 1,722 eligible creditors and a capital base reported at ARS 100,412,824,176, in a case involving roughly US$1.3–1.5 billion in defaulted debt.
- Rival rescue plans differ: Grassi touts export partnerships with Cargill and Bunge, while Molinos–LDC propose US$50–70 million to restart operations and a scheme that would place UAA at the Nodo Norte plants.