Overview
- The Second District Court in Commercial Insolvency declared the sale of Altos Hornos de México and Minera del Norte desierta on February 26 for causes not attributable to the judiciary.
- The court record says no secured or fiduciary creditors submitted written consent to include assets tied to their rights in the transaction.
- The sole qualified bidder did not post the required seriousness guarantee, reported at about 2.024 billion pesos (roughly $116 million), equal to 10% of the auction’s minimum reference value.
- Syndic Víctor Manuel Aguilera Gómez was given 20 working days to submit a new asset-disposal proposal, and the planned public hearing was postponed.
- The process aims to sell both firms as a single productive unit, prioritize worker claims, and restart operations in Coahuila; La Jornada identified the bidder as a consortium of Ignition Industries 1870 and Fintech Latam.