Glencore offered Vicentin $325 mn for Renova

Swiss agribusiness firm Glencore offered Argentina’s Vicentin $325 million for its minority stake in the biodiesel production firm Renova. This operation would be a way out of the complicated economic situation Vicentin is going through. Today, it has two plants for grain processing stopped while the bankruptcy proceedings are progressing after accumulating debts of more than $1.5 billion.

Source: Ámbito