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An investment group has acquired the debt of Vicentin, a prominent Argentine soy company, from international banks, positioning itself as a crucial player in the company's future. The CIMA group is reportedly looking to enter a 'cramdown' process, which could facilitate a takeover of Vicentin. This development comes amid ongoing discussions about the company's restructuring and financial recovery, as it was once a leading entity in Argentina's soy industry. Additionally, a former Wall Street trader specializing in distressed assets is now significantly involved in Vicentin's bankruptcy proceedings, highlighting the growing interest in the company’s assets.
A former Wall Street trader turned distressed-asset investor has become a major player in the bankruptcy case of Vicentin, a company that was once the crown jewel of Argentina’s huge soy industry https://t.co/9PyW13COTx
Investment group buys debt, seeks soy firm Vicentin takeover The CIMA group could enter the ‘cramdown’ process and become a key player in the future of the grain export company ✍️ @FacundoIglesia https://t.co/7dSC9r66HQ
Clisa, the holding company behind Buenos Aires’ subway operators, won extensive support from international bondholders to restructure debt https://t.co/NYe0fXwSFO
