Overview
- Judge Fabián Lorenzini homologated Grassi SA’s cramdown plan, rejected all challenges from rival MOA–LDC and other creditors, and ordered the transfer of all Vicentin shares.
- Grassi must submit within three days a detailed timetable for payments and the operational handover required to execute the approved agreement.
- The court accepted the sindicatura’s count showing roughly 66% of creditor heads and about 85% of verified capital backing Grassi, meeting article 48’s thresholds for automatic adjudication.
- Grassi says it will reactivate assets and resume exports through commercial and financing agreements with Cargill and Bunge, aiming to restore operations across key plants.
- Employees welcomed the ruling as securing continuity of jobs and activity, while potential appeals remain possible and a separate fraud case against former directors continues.