Mexico’s AHMSA in talks to pay creditors

Thursday, 18 April 2019 18:44:08 (GMT+3)   |   Sao Paulo

Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) said this week it is in talks with a foreign financial institution to help it pay creditors and re-list at the local stock exchange, Bolsa Mexicana de Valores (BMV).

Paying creditors would help the Mexican steelmaker to get access to BMV and the local capital markets to fund projects.

In 2017, AHMSA said it had hired Actinver Casa de Bolsa to help it re-list in the local stock exchange. AHMSA’s shares were suspended in 1999 from trading on both the New York Stock Exchange (NYSE) and BMV after the company said it obtained a court order to halt payment of $1.9 billion in debt.

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