BUENOS AIRES: Argentina’s top exporter of processed soy, Vicentin, is in talks over a potential takeover deal with firms including European grains giant Glencore to help resolve a debt crisis, according to two sources close to the negotiations.
The near 90-year-old firm, which defaulted on payments to suppliers late last year, has also told grains farmers it owed money to that it would make a debt restructuring offer in the days ahead, the sources said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
