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Compania Industrial De Parras.


COMPANIA INDUSTRIAL DE PARRAS, a Mexican textile maker, said it kicked off restructuring talks with creditors holding 93.6% of the company's liabilities. Creditors include Grupo Financiero Banamex Grupo Financiero Banamex has its origins and is the owner of Banco Nacional de México or Banamex, Mexico's second largest bank behind BBVA Bancomer. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. , 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).
 and HSBC Mexico HSBC Mexico, SA is the principal operating company of Grupo Financiero HSBC, SA de CV is one of Mexico’s four largest banking and financial service companies, with 1,400 branches and 5,200 ATMs. . Terms were not revealed.
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Title Annotation:restructuring
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:Jun 1, 2005
Words:37
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