AHMSA and Villacero sign non-binding merger agreement

Mexican steelmakers Altos Hornos de México (AHMSA) and Villacero have signed a non-binding agreement to merge assets as a new company, with a reported deal value of $300 million. The agreement gives 90 days to complete regulatory documents.

“The agreement signed by Alonso Ancira, president of AHMSA, and Julio Villarreal, president of Grupo Villacero, includes financial obligations that will allow AHMSA to settle liabilities and capitalize through the capture of fresh resources.”steelmarketupdate.com

• 1 source
• steelmarketupdate.comAHMSA and Villacero Sign Non-Binding Purchase Agreement - Steel Market UpdateSandy WilliamsJun 19, 2020

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