Fabián Lorenzini, the judge of the Second Civil and Commercial Court of Reconquista, issued a ruling to make effective the transfer of the shares of Vicentin SAIC to Grassi S.A. in compliance with the homologation resolution issued after the "cram down" process. Thus, all assets of the bankrupt Vicentin SAIC will now become part of the company Nueva Vicentin Argentina, whose board of directors is composed of Mariano Grassi as president, Leandro Salvatierra as vice president, and Hugo A. Grassi as director. "This marks a very significant formal step that signifies the birth of Nueva Vicentin Argentina, which will be built from the roots of an unprecedented industrial history, the commitment and capability of its people, who were able to maintain the operation and functionality of the company in such difficult times, and the impetus of a business group with 100% integration of Argentine capital," states a statement from the Grassi group, which will be the controlling shareholder of ...
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