Judge postpones AHMSA asset auction to mid-February amid labor issues

In the ongoing bankruptcy of Altos Hornos de México (AHMSA) and MINOSA, Judge Ruth Haggi Huerta García approved a 30-day deferral of the asset auction to mid-February 2026. Trustee Víctor Manuel Aguilera Gómez requested the extension to resolve labor credit queries with Profedet, vital for over 11,000 workers awaiting indemnities amid debts over 61 billion pesos.

The Second District Court in Commercial Bankruptcy Matters has deferred the auction of AHMSA and Minera del Norte (MINOSA) productive assets, valued at approximately 1.326 billion dollars in Monclova, Coahuila, until mid-February 2026. Originally set for January 30, 2026, the 30-day postponement follows trustee Víctor Manuel Aguilera Gómez's request, building on prior progress in the process.

The delay stems from the Federal Prosecutor's Office for the Defense of Labor (Profedet) not yet responding to September 11, 2025, queries on preferred labor credits. 'This ensures proper, orderly, and transparent execution,' Aguilera Gómez stated on January 6. The judge ordered Profedet to deliver opinions within 15 days to provide certainty for the 11,000+ affected workers.

Extra time is also needed to prepare and publish the auction notice, ensuring fairness for investors. Authorized by the Federal Judiciary on December 31, 2025, the auction aims to preserve AHMSA's operations, previously led by Alonso Ancira, and facilitate reactivation.

AHMSA faces debts exceeding 61 billion pesos, including 22 billion to financial creditors, 17 billion to government entities like Pemex, CFE, IMSS, Infonavit, and SAT, and 22 billion to workers and suppliers. This advances the bankruptcy proceedings begun a year ago.

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