Vicentin: Five Companies Already Registered to Submit Offers and Avoid Bankruptcy

In the context of the legal process initiated after canceling a previous agreement with creditors, Judge Fabián Lorenzini enabled a "cram down" (judicial rescue), key to avoiding the bankruptcy of Vicentín SAIC. Yesterday, the pre-registration closed: the first five companies that completed the stage are Commodities SA (Grassi Group), Molinos Agro (Pérez Companc), Bioenergías Agropecuaria SA, Barbero Cereales SAU, and Yabitel SA. To advance to the final stage, they must submit corporate documentation, powers of attorney, procedural address, and prove offer capacity. With an estimated liability of USD 1.300 million, Vicentín needs a viable offer to meet its creditors. The concurrence stage will allow these bidders to evaluate the company's assets in plants such as those in Avellaneda, Ricardone, and San Lorenzo, and formulate rescue proposals that include debt payment and maintenance of industrial operations. In this stage, proposals will be evaluated in terms of offered amounts, ...