Aralco searches for liquidity

Aralco searches for liquidity

Corporate & Sovereign Strategy

Aralco’s search for liquidity and its transparency with investors after it filed for judicial recovery last month was taken positively by market participants on Friday. The firm is looking at selling assets and next season’s ethanol to raise liquidity, it said on a conference call on Friday. “They’ve closed a mill, they’re chasing outstanding receivables, and they’re communicating with the market — that’s moderately encouraging, they’re taking action,” said a distressed debt specialist after the

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