MEXICO CITY, March 2 (Reuters) - Indebted Mexican
steelmaker Altos Hornos de Mexico's parent company and
controlling shareholders have signed an agreement with foreign
investors to hand over their majority stake in the firm for an
initial $200 million, Altos Hornos said Thursday.
The agreement will open the possibility of Altos Hornos'
restructuring and exit from bankruptcy proceedings, the company
said in a filing to Mexico's main stock exchange.
(Reporting by Kylie Madry)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.