Vicentin: Grassi presented the first rescue offer

In the race to take control of the agro-export company, Bunge, Molinos along with LDC (Louis Dreyfus Company), and the Unión Agrícola de Avellaneda Cooperativa Limitada also registered. The company that secures half plus one of the adhesions and two-thirds of the capital will have the key to prevent the bankruptcy of Vicentin. Grassi's proposal Grassi's plan is structured in three main lines: According to the firm, some creditors could obtain recoveries of up to 200% of their credits converted to dollars, something unprecedented in the country's bankruptcy history. "We have been working on this for five years. We are prepared and convinced that our proposal is superior: compared to a recovery of just 18% offered by the previous agreement, today creditors have the possibility of accessing much more," highlighted Mariano Grassi, vice president and CEO of the group, who also emphasized that they have the support of strategic partners. Options for creditors The presented plan ...