Overview
- Only two offers remain: Grupo Grassi and the Molinos Agro–LDC consortium, after Bunge and Unión Agrícola de Avellaneda opted not to file competing bids.
- Judge Fabián Lorenzini ordered Molinos–LDC to remove any portal tool that could induce creditors to revoke prior consents, and the trustees rejected requests to exclude major creditor Avir South from the vote.
- Approvals must reach more than half of creditors and roughly two‑thirds of verified capital by Oct. 31, or the court could move to declare bankruptcy on Nov. 1.
- UAA publicly endorsed the Molinos–LDC plan and said it would take charge of Vicentin’s Nodo Norte assets if that bid wins, pledging to preserve jobs and maintain industrial activity, including supply to Ricardone under a fasón scheme.
- Grassi touted commercial backing, with La Nación reporting a newly closed long‑term agreement with Bunge and an earlier understanding with Cargill, alongside a partnership with Porta Hnos for the Avellaneda ethanol plant, as the rival bids offer sharply different recovery and payment structures.