The Agricultural Grobo has a negative net worth at $ 13,218 million, which places it in the cause of dissolution according to the General Societies Law. They project a very complex creditors contest.
The Los Grobo Group situation is really critical and that is evidenced in the results of its last balance, for the six -month period ended in December last year. The Agropcuar and Agrofina Grobo, the two main firms of the company that requested the creditors in early February lost more than $ 42,700 million.
Perhaps one of the most alarming points is that The agricultural grrobo has Net negative heritagewhich places it in Cause of dissolution According to the General Societies Law. The company, of Grupo Los Groboregistered in the last semester of 2024 a turnover of $ 318,653 millionbut the combination of high costs, operational expenses and high financial impact resulted in a Net loss of $ 26,565 milliona number that almost quadruple the red of the same period of the previous year. This fall further deepened his solvency crisis: his Total liabilities amounts to $ 333,190 millionwhile your assets add up $ 319,972 millionwhich left her with a Net negative heritage at $ 13,218 million.
The data is not less, since the article 94, subsection 5, of the General Law of Companies No. 19,550 It establishes that a society can dissolve if its net assets fall below half of the share capital. In this case, the situation is more serious: the heritage is directly negative, which means that the agricultural grof must more than you have. In this context, the company was trapped in a Iliquidity situationwith obligations that exceed their ability to pay in the short term. And the options within their creditors contest are really scarce.
In parallel, Agrofinathe signature of the group dedicated to the production of agrochemicals, also closed the semester with red numbers. While his billing reached $ 47,579 millionthe high sales costs and the weight of financial expenses led to A net loss of $ 16,185 million. His Total assets amounted to $ 188,050 millionwith a liabilities of $ 179,740 millionof which $ 163,449 million corresponded to short -term debt. Although its Net Heritage was still positive at $ 8,309 millionthe company no longer had sufficient liquidity to face its immediate commitments, which left it in a very delicate situation.
As explained by the Grobo, in the memoirs of their balance sheets, the financial deterioration of both companies is not new, but the result of a combination of factors that fully impacted the business. He agricultural sector crossed a complex yearwith Fall in international prices of grainsa strong retraction in the demand for inputs and an increase in financing after the devaluation of December 2023. In the case of the Grobo, the fall in the price of soybeans and wheat affected the commercialization of grains, while in agrofine the Agro crisis reduced the volume of agrochemical sales, in a context where inputs maintained high prices.
The truth is that the impact on the accounts was devastating, but the final blow came in December, when The Agricultural and Agrofina Grobo entered Default. Both companies They could not comply with the payment of stock markets or bank loans maturitiesaccumulating millionaire debts that are estimated at more than US $ 200 million. The lack of agreement with its creditors and the impossibility of refinancing commitments with banking and financial entities led to the past February 3 Both companies will present The request for preventive contestin an attempt to restructure your debt and avoid bankruptcy.
In spite of the rumors of a possible association of the Grobo with other greats in the sector to float, for now there is nothing concrete. The reality is that multinationals are also suffering in their own flesh in their profitability that makes them evaluate any commercial and investment decision with lead foot. On the other hand, The only tangible is that the Victoria Capital Investment Fund, majority shareholder of the Grobo, released the hand to the group and seeks with the creditors contest to get out of the business in the least harmful way for their finances.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
