Without Offers for Her Rescue, an Important Cotton Woman From the Vicentin Family Was on the Verge of Bankruptcy.
7 Articles
7 Articles
Clarin
cedarnews.netThis is Algodonera Avellaneda, which has been in competition since 2024. At the beginning of the week the deadline for the submission of proposals for its acquisition has expired, but the registration has been deserted.It carries a debt of US$ 260 million with the Banco Nación.It employs around 350 people.The union expects a bankruptcy with continuity of the labors.
Algodonera Avellaneda was on the verge of bankruptcy after the deadline that had been opened by the Justice for its rescue had expired without interested parties.The textile of members of the Vicentin family, which is in the competition of creditors and has some 360 employees, did not receive any proposal, offer or application for registration from third parties interested in acquiring the company's shares, according to the court that carries ou…
The court deadline for submitting tenders by Algodonera Avellaneda expired without interested parties and now Judge Fabián Lorenzini will have to define whether he declares bankruptcy or advances with a «break with continuity». While 200 workers are still active thanks to face-to-face contracts, a hundred families have been waiting for a solution for a year. ... THE GOVERNMENT DESTROYS SOURCES AND POSTS OF WORK/Avellaneda cotton company, on the …
The court deadline for submitting tenders by Algodonera Avellaneda expired without interested parties and now Judge Fabián Lorenzini will have to define whether he declares bankruptcy or advances with a “continuity break”. While 200 workers are still in business thanks to face-to-face contracts, a hundred families have been waiting for a solution for a year. [...]
Algodonera Avellaneda is heading for bankruptcy. This Monday the deadline that the Justice has set for both the company itself and creditors or investors to submit a proposal to keep the textile of the Vicentin family.The interested ones had five working days, from September 29 and with expiration to October 5, to register and make their proposals.That did not happen since nobody presented themselves, which in practice means that the judicial bo…
Algodonera Avellaneda was on the verge of bankruptcy after the deadline established by the Reconquista Justice for the process of salvage of the company had expired on Monday without any interested parties. The call had been opened as a last resort to try to avoid bankruptcy by incorporating a third party that acquired the shares and reached an agreement with the creditors. The registration had remained open between 29 September and 5 October. U…
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