Grupo Acerero del Norte

Altos Hornos de México (AHMSA) confirmed that Grupo Acerero del Norte will sell 55% of its shares to Alianza Minero Metalúrgica Internacional, led by Julio Villarreal of Grupo Villacero. The sale is pending approval from the Federal Economic Competition Commission.

AHMSA announced that its restructuring with Grupo Villacero continues, as Alianza Metalúrgica Internacional (led by Grupo Villacero's president) seeks to buy 55% of Grupo Acerero del Norte, the controlling company of AHMSA. The deal follows a $200 million settlement with Pemex.

Alianza Minerometalúrgica Internacional will acquire a 55 percent stake in Grupo Acerero del Norte (GAN), the holding company that controls Mexican steelmaker Altos Hornos de Mexico (AHMSA). The deal is subject to regulatory approval.