According to a Bloomberg article:

  • Vicentin SAIC, the former crown jewel of Argentine soy processing, went bankrupt three years ago.
  • Viterra and Bunge Ltd. were ready to take over operations in a joint-venture $1.3 billion deal.
  • The deal is in danger of falling through due to court delays and Argentina's record drought.
  • If the court delays continue and the deal is stalled, the currently idled plants will fall into disuse and hundreds of workers will lose their jobs.

Read the full article here.