Mexico
Press Release

AHMSA's bankruptcy process advances

Bnamericas

PRESS RELEASE

Monclova, Coah, November 28, 2024.

This is an automated translation of the press release issued in Spanish

Altos Hornos de México ( AHMSA ) reports that, following his appointment as bankruptcy trustee by the Federal Institute of Bankruptcy Specialists (IFECOM), attorney Víctor Manuel Aguilera Gómez has been formally ratified by the Bankruptcy Court.

The trustee will then, according to legal regulations, take possession of the administration and assets of the company and assume full control over the administrative and financial decisions necessary to advance the liquidation phase.

Subsequently, the following stages will take place in this process:

* Asset inventory.

* Asset valuation.

* Call for auction.

* Asset auction.

The trustee reiterates his interest and full availability to communicate clearly and punctually the progress made in the process and thanks in advance the support and collaboration of all those involved, former workers, former employees, creditors and the community in general so that a solution can be reached in the shortest possible time.

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