Lifiting the suspension of payments is vital to the continued operation of Altos Hornos de Mexico (AHMSA), said the firm Galaz, Yamazaki, Ruiz Urquiza, SC, member of Deloitte Touche, in a statement to the Mexican Stock Exchange (BMV) last week.
The agency emphasized that once the company is able to pay US$1.7 billion in debts, creditors may capitalize part of the debt into shares of AHMSA.
The general agreement was signed with the required majority of creditors, including various suppliers and financial institutions.