en.Wedoany.com Reported - A Mexican bankruptcy court has approved the joint sale of steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (Minosa) for a total of $1.33 billion. Previous auction attempts failed to attract buyers, and the court made this decision after revising the commercial proposal.
The plan aims to preserve both companies as a unified production unit rather than selling assets separately. Of the total amount, $1.201 billion is allocated to AHMSA's steel assets, and $125 million to Minosa's mining operations.
Multiple creditors, including Cargill, Afirme, Unifin, Caterpillar, Pemex, and Tubacero, have been identified as qualified bidders and may use outstanding debt as part of their acquisition offers.
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