Grupo Grassi commits $8.7bn to Vicentin's Friar slaughterhouse

Grupo Grassi, new owner of Vicentin, has committed nearly $8.7 billion (Argentine pesos) to support Friar, a major slaughterhouse, with $4.4 billion in new financing on top of $4.27 billion granted in June. Funds will mainly cover livestock purchases and working capital. This signals a significant capital injection into Argentina's meat processing sector, potentially affecting supply chains and regional market dynamics.