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Vitro Shareholders Push On with Restructuring

Nov 28, 2011

Shareholders of troubled glass company Vitro have approved its controversial $3.6bn restructuring plan, a step in forcing bondholders to accept the company’s terms. The borrower said that all shareholders approved the proposal. The proposed restructuring of $3.6bn in debt has angered bondholders after a Mexican judge...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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