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Operations & FootprintRegulatory & Legal 16 Oct 2026

Argentina regulator opens disclosure probe into Celulosa Argentina

Argentina's securities regulator CNV has opened a formal proceeding against Celulosa Argentina, its former directors and statutory auditors over alleged disclosure failures during the 2024-2025 crisis that led to the paper and pulp producer's insolvency filing. The probe covers September 2024 to September 2025, when the company idled its plants, filed for creditor protection and changed control. A preliminary hearing is set for 27 November 2026, when the company will present its defence.

Why this mattersA formal regulatory proceeding over disclosure during the insolvency crisis adds legal exposure for Celulosa Argentina and its former board after the 2025 change of control.

  • CNV's board opened the proceeding through Resolution RRFCO-2026-341-APN-DIR#CNV on 7 October 2026
  • The proceeding covers Celulosa Argentina and the directors and statutory auditors in office between September 2024 and September 2025
  • Alleged breaches concern Article 99 of Capital Markets Law 26.831, CNV rules and Article 59 of the General Companies Law
  • A preliminary hearing is set for 27 November 2026, when the company is to present its defence
  • The company informed the market of the proceeding on 16 October 2026
  • During the period under review the company halted its plants, entered creditor protection and changed control
Celulosa Argentina Comision Nacional de Valores counterparty
Sources iprofesional.com ES
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-20 · Edited before publication: Several facts are not in the source text: the Zarate plant, the 1 September 2025 filing date, Esteban Nofal and the March 2026 tender offer. 'Restart operations' is also unsupported. Operations & Footprint topic removed. Materiality lowered to 2: a regulatory proceeding against a followed regional producer.
  • 2026-10-20 · Edited before publication: Grounded, and materiality 2 is right. The topic Operations & Footprint does not fit a disclosure proceeding by the securities regulator, so it is removed and only Regulatory & Legal remains.