Vicentin's new owner authorized to borrow US$50M from Bunge, pledging Renova stake

An Argentine court has authorized the Grassi Group, new owner of Vicentin, to take a loan of up to US$50 million from Bunge, using 8.33% of Renova shares as collateral. The funds must be used for working capital, with quarterly reporting. This marks a step in Vicentin's restructuring, providing liquidity but raising questions about control and creditor recovery.