The UAA invites all its member base and creditors to adhere to the proposal of Molinos Agro and Louis Dreyfus Company.
Original content
The UAA (Unión Agrícola Avellaneda), with over 100 years of adding value to production and its immense base of more than 1,700 associates, announced its support for the proposal by Molinos Agro and Louis Dreyfus Company (LDC), because it considered it "the most beneficial for Vicentin, its employees, and creditors, allowing an end to a process of more than 5 years." "This is a financially solid and simple proposal that respects the collection rights of creditors and seeks to offer an orderly, transparent, and sustainable solution to the restructuring process of Vicentin, ensuring productive capacity, employment, and the relationship with producers," specified the UAA. In the event that Molinos Agro and LDC are successful with the proposal, UAA will take charge of the North Node, with the commitment to maintain existing jobs, it anticipated. For the UAA, this agreement provides a real solution for Biogas Avellaneda S.A., Planta Avellaneda, and the remaining assets located in ...
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