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Vicentín: "We find out through the media and we will protect our rights"

2020-06-09T18:02:54.632Z


The cereal firm's board released a statement 5 hours after the presidential announcement. He highlighted "the will to honor the commitments".


Mauricio Bártoli

06/08/2020 - 22:36

  • Clarín.com
  • Rural

"The chosen path fills us with uncertainty and concern. We have learned about the decision through the media and we are making the necessary consultations to understand the characteristics and depth of the announced measures ," said the Vicentín board, 5 hours after the announcement. presidential on intervention and expropriation project of the company.

And in a warning tone about possible legal actions, they claimed "the legitimacy of protecting the rights of an Argentine company and its shareholders, of family origin and from the interior of the country, which is adjusted to the current legal framework, within a preventive contest of creditors and who has repeatedly expressed the will to honor the commitments made. "

The statement makes a racconto of the crisis. They assure that "since December 2019 the Vicentin board has been exploring different alternatives to refinance its debt and regain the level of operation that it knew how to have in the past, which in no way dates back to the last 4 years, but can be measured in decades effort and investment .

And they highlight that "Vicentín has 90 years of history in Argentina. Ninety years of always fulfilling our workers, our suppliers and our clients ".

They also defended the alternatives. " The assets of the company are very important and intact . All those who participate in this activity know this perfectly well," they said.

They also assured that " not a single worker has been fired throughout the process . Beyond the fact that many have not been able to work due to the pandemic, all have received the corresponding payment ."

In the only paragraph that expressed closeness to the government's decision, they said that "among the alternatives under analysis were always the sale of assets and the possibility of association with national companies. Among those options, YPF Agro was always considered . We all know what YPF represents for Argentina in the hydrocarbons business, and also its very important relationship with our Agro, for which at no time do we rule out that it may be an important actor in the future of Vicentin . "

Source: clarin

All news articles on 2020-06-09

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