Distressed Trader’s Soy Can Feed Pigs in Argentina, Suitor Says

A key suitor for the assets of Vicentin SAIC, a distressed trader that was once Argentina’s top exporter of soy meal, wants it to feed pig herds at home rather than only crush beans to ship to livestock in Asia.

Creditors of Vicentin, which entered bankruptcy protection five years ago after a $1.5 billion default, will soon receive offers from suitors who’ll lay out plans to restructure the debt and rekindle vast export operations.

Bidders include Bunge Global SA, as well as a joint venture between Louis Dreyfus Co. and local trader Molinos Agro SA, which is ...