Mexico's Ahmsa to sell majority stake, capitalize amid possible bankruptcy

Mexico’s largest steelmaker Altos Hornos de Mexico (Ahmsa) has signed a deal for renewed financial support to avoid bankruptcy and resume normal operations with changes in ownership and capital injections, after months of intermittent production, the company said on Thursday March 2.

The agreement, made with an undisclosed “group of foreign investors” to transfer the majority of stock from owner Grupo Acerero del Norte (GAN), is still subject to future conditions and...

Published

Renato Rostás

March 03, 2023

14:07 GMT

São Paulo