ALTOS HORNOS DE MEXICO.

ALTOS HORNOS DE MEXICO (Ahmsa), the country's No. 2 steel maker, reached a deal with its main creditors, U.S.-based Bank of America

See also: and

Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and Mexico's BBVA Bancomer BBVA Bancomer is the largest financial institution in Mexico, dominating about 20% of the market. History
Founded in 1932 in Mexico City as Banco de Comercio (English: Commerce Bank) (Bancomer). , to inject US$530 million into the debt-ridden company in exchange for a 40% stake. Grupo Acerero del Norte Del Norte can refer to multiple things:

Del Norte County, California
Del Norte, Colorado

, Ahmsa's parent company, will retain its 50% stake in the company. Ahmsa is also laying off 1,000 workers to cut costs.

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Author:	DEMPSEY, MARY
Publication:	Latin Trade
Date:	Sep 1, 2001
Words:	69
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