Overview
- Judge Fabián Lorenzini set a hard cutoff at 00:01 on November 1, after which no new conformities will be accepted and the Sindicatura Plural will audit the results.
- Molinos Agro and Louis Dreyfus say more than 900 creditors—968, per their filing—have adhered to their offer, which now pays 100% in cash within 30 days to claims up to US$130,000 and adds a US$25,000 advance for larger creditors.
- Executives from the Molinos–LDC alliance say they are prepared to invest US$50 million to US$70 million to restore Vicentin’s operations and keep plants running under a continuity plan.
- Grassi, the first bidder, asserts it has about 60% of creditor votes and is near 80% of capital, offering peso-to-dollar conversion and in‑kind soybean recovery options alongside non-cash mechanisms.
- The winning proposal will be the first to secure a majority in number of creditors and two-thirds of capital, with the court citing 1,722 eligible creditors and ARS 100.4 billion in concursal debt; Molinos–LDC also asked the judge to exclude Grassi-linked credits and curb a disputed ‘residual’ clause.