Vicentin files preventive bankruptcy after $1.3 billion default

Argentina's leading agroexporter Vicentin has requested the opening of bankruptcy proceedings before the Commercial Justice of the province of Santa Fe. Since the beginning of December, when the company declared default with $1.35 billion debts, Vicentin is holding back, and expects to reactivate two industrial plants, but there is fear for the future of 800 workers and 2000 producers.