Overview

• An official valuation concluded Vicentin’s adjusted net equity is negative by about US$1,000 million, with liabilities near US$1,275 million and assets around US$522 million, leaving its shares without market value.
• The expert estimated a net liquidation value of roughly US$252 million, which would cover only about 22% of the concursal debt.
• Judge Fabián Lorenzini set a five‑business‑day window for objections to the valuation and will then fix the definitive share value before a proposal period of up to 30 days that requires 50% creditor approval by number and capital.
• Three titular directors—Daniel Foschiatti, Carlos Sartor and Estanislao Bougain—submitted irrevocable resignations, noting they were displaced in April by court‑appointed administrators Guillermo Nudemberg and Andrés Shocrón.
• A shortlist of bidders preparing offers includes Bunge, Grassi (for Commodities), Unión Agrícola Avellaneda and a joint proposal from Molinos Agro and Louis Dreyfus Company, while a Supreme Court appeal could still alter the process if accepted.