AHMSA hunts for $1 bln in financing

AHMSA hunts for $1 bln in financing

Funds Mexico United States Capital Markets Energy

Mexico steelmaker Altos Hornos de México (AHMSA) plans to raise $1 billion in financing as part of its recapitalization plans, a company source told LatinFinance on Friday. "We are working with other industrial and financial groups for a partnership or recapitalization for the $1 billion in gaps that was caused by government aggression," the source said. AHMSA said Thursday that its subsidiary Minera del Norte could file for Chapter 11 bankruptcy under US law because it had to cut steam coal pro

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