Grassi requested the approval of the preventive agreement and the assignment of Vicentin's shares.

Published 2025년 11월 3일

Tridge summary

The company submitted a document to the Reconquista court in which it reports having reached the legal majorities of agreements and requests that the preventive agreement be approved. The proposal includes the transfer of the shares of Vicentin S.A.I.C. to the cereal group, within the framework of the cramdown procedure.

Original content

Grassi S.A. group, through its representative, lawyer Guillermo A. Casanova, formally submitted a communication to the Civil and Commercial Court of the 2nd Nomination of Reconquista, informing that it has achieved the majorities of consents required by the Law of Bankruptcies and Insolvencies (No. 24.522) within the cramdown process of the preventive receivership of Vicentin S.A.I.C. In the document, Grassi requests the judge to declare the existence of an agreement, to homologate it, and to order the adjudication of the shares of the bankrupt company, "in view of the non-existence of a positive value of the shares representing the share capital," as detailed in the presentation. The proposal is based on article 48 of the Law of Bankruptcies and Insolvencies, which contemplates the possibility of a third party acquiring the ownership of the shares in cases of rescue, when there is a negative valuation of the share capital and the majority of required consents has been reached. ...
Source: Agromeat

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.