"Nueva Vicentin Argentina" is born. The Justice system approved the proposal of Grassi S.A. and granted it control of the agroexport company.

Judge Lorenzini accepted the bailout, rejected all objections, and ordered the transfer of shares to the Rosario grain company. In this way, the cramdown enters its final phase following the massive default. In this way, Vicentin falls under new corporate control by judicial decision, after a process that extended for almost six years since the default declared in December 2019, with debts exceeding US$1.5 billion. Approved proposal The preventive bankruptcy of Vicentin reached a key point of definition as Judge Fabián Lorenzini approved Grassi's proposal, rejected in its entirety the objections presented by creditors and competitors, and granted total control of the agro-exporter to the Rosario broker, which was formally authorized to execute the bailout plan. The ruling validates the result of the cramdown procedure and orders the advancement of the transfer of the entirety of the share capital, considering the legal majorities required by the Bankruptcy and Insolvency Law to be ...