Frigorífico Concepción announced the start of a review of its capital structure and financial obligations, aiming to achieve a comprehensive solution for its commitments across the various jurisdictions in which it operates. The company said it has already engaged specialized advisors to assist in upcoming negotiations with its different creditor groups, according to Valor Agro.
The announcement was signed by Jair de Lima, owner of Grupo Concepción, who stated that the company will work alongside financial and legal advisors to find an orderly solution to its obligations. According to the processor, the process seeks to preserve and enhance the value of its operations and businesses for the benefit of the company and all stakeholders.
The company has also established dedicated communication channels for investors and holders of local and international bonds, centralizing information related to the progress of the negotiations.
The announcement represents another step in the financial restructuring process of one of Paraguay’s leading meatpacking groups.
