Business

Vicentin with $1.5 bn debt receives more offers to acquire the company

The agribusiness firm Vicentin, which went into default in December last year with debts exceeding $1.5 billion, continues to accumulate offers to buy. Currently, Vicentin’s financial debt amounts to just over $1.1 billion, and Banco Nación is its main creditor with almost 80% of the total. The commercial debt totals another $400 million, made up of hundreds of agricultural products and cooperatives that sold him grain. The firm closed with the largest default in the history of Argentine agriculture.

Source: Ámbito

Categories: Business