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08 Dec
10:55

Ahmsa faces legal problems, uncertainty grows

A week after Altos Hornos de México (Ahmsa) announced its plan to access a $600 million loan from a potential investor, the company faces a new setback, Kallanish learns. The steelmaker sought to extend the deadline for the reparatory payment for the sale of the Agro Nitrogenados fertilizer plant to state-owned oil company Petróleos Mexicanos (Pemex). The proposal was scheduled to be voted on at Ahmsa’s ordinary shareholders meeting on 21…
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