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4h ago

Judge Extends Vicentin Intervention to April 2026 During Cramdown Phase

Creditors must decide by October 31 on proposals requiring two‑thirds of capital, or the court may send Vicentin to bankruptcy.

Este nuevo plazo busca garantizar la continuidad operativa de Vicentin y preservar el proceso de salvataje en curso.
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El empresario Mariano Grassi: "Desde que se habilitó el cramdown ya tenemos 380 votos (afirmativos) comprometidos con lo cual estamos hablando de casi un 50% del capital”

Overview

  • Judge Fabián Lorenzini prolonged the judicial intervention for 120 business days to April 8, 2026, confirming interventors Andrés Shocron and Guillermo Nudemberg with full powers.
  • The order keeps the company’s original board suspended and instructs notifications to agencies, citing the need for legal certainty and instability tied to resignations and a shareholders’ meeting set for October 24.
  • The rescue phase remains open with only Grassi SA formally filed so far, while Molinos Agro with LDC, Bunge and Unión Agrícola de Avellaneda have registered to participate.
  • Creditors have until October 31 to submit adhesions; any plan must secure roughly 800 affirmative votes and at least two‑thirds of total capital or the judge can declare bankruptcy.
  • Court filings note asset sale offers under review, including bids for Rosario offices and other properties, plus a reported improvement for Terminal Puerto Rosario, as options to support operations during the process.