Argentina's Last National Combine Harvester Maker Vassalli Set for Ownership Revival

Vassalli, the final Argentine company solely owned by national capital and dedicated to manufacturing combine harvesters, is on the cusp of a decisive ownership transfer. This week marks the formal conclusion of the share transfer process for the company, founded by Roque Vassalli in Firmat, Santa Fe. Roberto Santiago Chinelli will lead the new group taking the reins of the company. According to a statement from Chinelli, all preceding conditions for the share transfer, agreed upon on July 31, have been met. The definitive contracts are expected to be signed within the next 48 business hours. Vassalli was previously controlled by the Marsó family, who acquired it in 2024 from Esteban Eskenazi and Matías Carballo. The company employs over 200 workers. The new management has affirmed its commitment to fulfilling all payment obligations to the staff, acknowledging a slight delay due to the complexity of the transaction. They have also pledged to ensure the continuity of Vassalli and preserve existing jobs. The finalization of this ownership change will involve shareholder assemblies where the new buyers will be officially recognized, and new boards of directors will be appointed, concluding a lengthy transfer process.

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In that regard, we inform you that all parties have resolved yesterday [last Friday], following the aforementioned agreements, reached through the various legal firms involved, to proceed with signing the definitive contracts in the next 48 business hours, designating various notaries to protocolize and certify the signatures of all those involved in this complex operation, after which the share transfer will be formally constituted.