Competition heats up between the two bidders for Vicentin's "cram down" as the deadline approaches.

Few days remain until the conclusion of the "cram down" process for Vicentin –which expires next Friday, October 31– and by then one of the two competing proposals must obtain the majority of votes to take over the agribusiness company. After Unión Agrícola de Avellaneda (UAA) yesterday called to support the proposal presented by Molinos Agro and Louis Dreyfus Company (LDC), this Thursday spokespeople for the Grassi group –the other competitor– communicated that, in case of winning, they will have the logistical and commercial support of Bunge, as they had already announced weeks ago –also informally– with Cargill. Molinos Agro and LDC requested the judge of the Vicentin SAIC contest, Fabián Lorenzini, to exclude the vote of the creditor Avir South S.A.R.L., related to the Grassi group, in the ongoing "cram down," understanding that it could harm the creditors. So far Lorenzini has not ruled on the matter. Both competitors are making a strong campaign among the grain creditors, ...