Cargill Said to Back Creditor Chasing Stake in Massive Soy Plant

Cargill Inc. is in advanced talks to back a hostile creditor’s bid to take over a distressed Argentine soy exporter, according to people familiar with the matter.

The agriculture trading giant would partner with Grassi SA to charter crop shipments if the local brokerage house is successful in its bid to gain control of the assets of Vicentin SAIC, according to the people, who asked not to be identified because the information is private.