The Grassi group ensured it reached the required majorities to take over Vicentin, but as Molinos and LDC say exactly

This Friday, October 31, the last day of the "cram down" process of Vicentin SAIC, the Grassi group first ensured that it had achieved the required majorities to take control of the bankrupt agribusiness company. Through a statement, the group led by Mariano Grassi indicated that it "informed the District Court of First Instance in Civil and Commercial Matters of the city of Reconquista, Santa Fe, that it has comfortably achieved and exceeded the required majority of consents, thereby requesting the approval and allocation of the corresponding shares." However, shortly after, its competitors for taking control of the oil company that fell into disgrace in December 2019, the grain traders Louis Dreyfus (LDC) and Molinos Agro, reported exactly the same thing, but through a press release: They said they had "surpassed the required majorities of legitimate creditors and capital in each of the categories." The phrase "legitimate creditors" becomes key to analyzing the situation, ...