'Gana' Auction of 1!... and No Deposit Paid
12 Articles
12 Articles
In a "survey" where only one bidder made an offer, but did not even deposit the "serious guarantee" set by the judge, a coahuilense businessman sang victory, assuring that he could pay $ 1.4 billion! for Altos Hornos de México (AHMSA) and its subsidiary Minera del Norte (MINOSA). Despite this, surprisingly, the judge in charge of the process gave him 10 working days so that he could "credit the transfer or the formal deposit of the guarantee fun…
The sale process of Altos Hornos de México (Ahmsa) and its subsidiary Minera del Norte (Minosa) could not take place yesterday, after two qualified bidders presented themselves to participate in the auction, but none credited the payment of the “serious guarantee” for 56.3 million dollars.
Altos Hornos de México would be acquired by CIESA after offering $1.4 billion; the sale could be formalized in five months.
CIESA, a group led by Arturo Domínguez Arteaga, offered $1.4 billion for AHMSA and stood as a finalist to acquire the Monclova steel company.
Domínguez Arteaga said his intention is to increase the size of the company
Construction and Electromechanical Engineering (CIESA) is profiled as a buyer of Altos Hornos de México (AHMSA) and its subsidiary Minera del Norte (MINOSA). The company presented a bid of $1.4 billion during the auction held on September 25th. The proposal exceeded the minimum amount established within the commercial contest. The process contemplates [...] La entrada Which company will acquire AHMSA? CIESA wins auction aparece primero en Leader…
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