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Vitro Restructuring Sees Setback

Jun 15, 2012

A US court has denied Vitro’s request to enforce its Mexican bankruptcy plan in the US, the Mexican glassmaker says. Though the court has decided to uphold Vitro's reorganization plan – approved in Mexico earlier this year – at the Vitro SAB level, it has refused to enforce...

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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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