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| Mexican
Gov't Seen Taking Control Of Ailing Sugar Companies |
Info
Latina
April 3, 2001 |
| MEXICO CITY, Apr 2, 2001 (Reforma/Infolatina via COMTEX) --
The administration of Mexican President Vicente Fox this week
could announce emergency financing measures for the country's
debt-laden sugar companies, according to a report in Mexico
City daily Reforma. Industry sources believe many sugar mills
likely will shut down over the next two weeks unless the
government steps in, Reforma business columnist Alberto
Aguilar reported. According to some observers, the Finance
ministry could call in loan guarantees for some sugar
producers, taking control of the companies. Among the firms
named as likely candidates for government intervention are
three of Mexico's largest sugar companies, Caze, Santos and
GAM, Aguilar reported. |
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