AHMSA and Minosa assets attract six qualified bidders for auction

Six qualified bidders have emerged for the assets of the bankrupt Mexican steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary, Minosa. The bankruptcy court has confirmed that the assets will be sold as a single productive unit, with the auction scheduled for September 25.

The identified participants include Argentem Creek Partners, CIESA, Yepal, Lance Internacional/Grupo Metals-Mex, Trust Empresarial Mexicano, and individual bidder Octavio Pous Escalante. The court has granted these bidders an additional three days to submit their required bid bonds.

Local business leaders in Coahuila, including representatives from FECADECO and Canacintra Monclova, expressed optimism regarding the news, noting that a successful sale could reactivate the regional economy and benefit thousands of families. However, officials cautioned that the process must still meet strict legal and financial requirements to ensure a viable transition.