Mexico’s Salinas Company Says Open to Dialogue With Creditors

A group of minority shareholders, which Mexican mogul Ricardo Salinas Pliego’s company TV Azteca deemed as vulture funds, obstructed negotiations for a debt reorganization deal, according to a statement.

• These funds are domiciled in countries where the USMCA deal is not enforceable, so they are not entitled to certain protections: TV Azteca statement
• Minority shareholders have been using “desperate” tactics and tried litigating through the media since they have failed to succeed in Mexican and US courts, according to the statement
• Company said information discussed in Mexico’s government morning press conference is not correct
• NOTE: TV Azteca Creditors Seek ...