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22 Dec

Ahmsa secures $600 million loan, sale process advances

Altos Hornos de México (Ahmsa) has decided to extend the deadline for the reparatory payment to Petróleos Mexicanos (Pemex) for the sale of its Agro Nitrogenados fertiliser plant to the state-owned oil company in 2014, Kallanish learns from the steelmaker. The proposal was voted on by Ahmsa's ordinary shareholders at a meeting on 21 December. The troubled steelmaker could not complete the last part of the Pemex payment agreement of $112.5 millio…
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