According to local media reports in Mexico, three groups have officially qualified to participate in the final stage of litigation for the sale of assets owned by Mexican steel company Altos Hornos de México (AHMSA).
The registration period before the Second Bankruptcy Court has ended and qualified bidders will be allowed to participate in a public auction scheduled for February 27 in Mexico City, according to local sources. The opening bid is set at $1.13 billion.
Argentem Creek Partners - Distressed Asset Investor
The first qualified bidder is Argentem Creek Partners, a North American fund led by Daniel Chapman. Argentem Creek Partners is known for investing in companies facing financial difficulties and high volatility, with a focus on recovery through economic turnaround schemes. His participation in the AHMSA auction signals continued interest from foreign capital in the potential reactivation of the regional steel industry.
Fintech - experience in financial restructuring
Also involved in the process is Monterrey businessman David Martinez through his firm Fintech Advisory. The Group has experience in large-scale financial transactions and has participated in corporate and sovereign debt restructuring processes in several countries. His profile reflects strong financial support and experience negotiating complex debt agreements, which may be relevant in the context
