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Vicentin Cramdown Enters Final Count as Grassi Claims Majorities and Molinos–LDC Challenges Votes

Judicial verification will determine the winner following formal challenges to the vote roll.

Overview

  • Both bidding groups say they satisfied the dual thresholds of a simple majority of creditors and two‑thirds of verified capital and each has asked the court to homologate its plan.
  • Grassi informed Judge Fabián Lorenzini that it surpassed the required majorities and requested adjudication of Vicentin’s shares, with some filings citing roughly 70% of creditors and over 80% of capital.
  • Molinos Agro–Louis Dreyfus Company reported more than 1,180 adhesions and at least two‑thirds of creditor capital among what it calls legitimate votes, and it also petitioned for homologation.
  • The Molinos–LDC consortium filed impugnations seeking an audit of the padron and the exclusion of certain votes, notably those linked to Avir South/Esteban Nofal and to Vicentin Paraguay.
  • The sindicatura plural and Judge Lorenzini will verify authenticity, resolve exclusions, and determine who reached the majorities first, a decision that will set the ownership transfer and reactivation plan for a company owing over US$1.3–1.5 billion to more than 1,700 creditors.