New phase begins in the bidding process for AHMSA and Minosa in Mexico

The court has approved the terms of a sale structure designed to preserve the companies as operating production units, with the objective of maintaining their industrial activities.

According to reports by El Universal and El Financiero, a ruling issued on June 2 by Judge Ruth Huerta approved the sale plan submitted by trustee Víctor Aguilera, subject to certain modifications.

The ruling emphasized that the primary objective of the process is to prevent the fragmentation of the companies’ assets and to ensure the continuity of industrial operations. Accordingly, the sale is expected to be carried out as a going-concern transaction that preserves the integrity of the businesses.

For AHMSA, which has faced financial difficulties for years and whose facilities in Monclova, Coahuila, have largely remained idle, the decision is regarded as a critical step in the bankruptcy proceedings.

Trustee Aguilera stated that the ruling is important both for advancing the process and for protecting the rights of creditors and employees.

The court also instructed the trustee to submit the final bidding terms, updated employee lists, and current creditor information within three days. As part of this requirement, employee claims must be reported in detail according to their priority status.

Judge Huerta noted that the process affects a large number of stakeholders and stressed that the decision was made with consideration for the interests of all parties involved.

A previously planned auction had been canceled on February 27 after the parties failed to meet the necessary requirements. Under the new framework, the process is expected to be relaunched and moved into the bidding stage.

According to El Financiero, the auction is expected to begin with a minimum valuation of approximately $1.127 billion, representing 85% of the estimated value of the production unit.

Through the joint sale of AHMSA and Minosa, the objective is to restructure accumulated debt while preserving production capacity that remains critical to the regional economy.