Liquidator proposes auction of Chilolac assets to settle $3.5 billion debt

The liquidator for Sociedad Agrolácteos de Chiloé S.A. has initiated a proposal to auction primary assets to satisfy approximately $3.5 billion in outstanding liabilities. The process is currently under judicial oversight at the Juzgado de Letras de Ancud in Chile's Los Lagos region. The move marks a significant step in the company's voluntary liquidation proceedings.