The judge Fabian Lorenzini, responsible for the cereal company competition since February 2020 Vicentin and that has recently led to a process of collapse the company, resolved today grant To Grassi SA, is dedicated to grain brokerage, Control of the agricultural exporter. In a 52-page ruling, the judge set out the conditions that the new owner must comply with. However, sources familiar with the file say the trial could be appealed by those who challenged Grassi at the time.
In his definition, Lorenzini not only rejected but also stated various challenges “to agree to the joint agreement offered by Grassi SA within the framework of this restructuring procedure, which provides for the complete transfer of the shares of the insolvent company Vicentin SAIC to the offering company after the lifting of the insolvency block for the sole purpose of their realization.”
It also ordered “to bring about the immediate execution of the agreement offered to the creditors, which the offering company must provide to Grassi SA within 3 (THREE) days from the announcement of this decision.” Ministry of Law, “a detailed schedule setting out the dates for payment compliance and other issues related to the execution of the contract in all its conditions, without prejudice to the conditions established for creditors who have not opted for a specific proposal.”
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