Shareholders of Mexican steelmaker Altos Hornos de México (AHMSA) convened at a shareholders' meeting, but due to the lack of information on the issues to be discussed, they requested the details and decided continue with the assembly for Friday, March 31.
Paralyzed by insolvency to pay for energy services such as electricity and gas, AHMSA is also in the process of selling a share package that would give control to a new investor.
The sale agreement was signed in February and on March 15 the first $50 million of the $200 million that the new partner would inject as working capital to start the steel production process was expected.
In this scenario, "with representation of 61.94 percent of the company's share capital, today the Assembly of AHMSA was formally installed, in which the majority (of shareholders, the board of directors) was requested to provide more information on the points to be discussed and continue the session Friday, March 31,” the steel company reported today to the Mexican Stock Exchange (BMV).
With the most recent public information (from 2020), the main shareholder of AHMSA is Grupo Acerero del Norte (GAN) with 51.6 percent of the shares, a percentage that increases to 53.3 percent, considering the holding of directors and directors of the company.