Mexico Business Briefs: TMM Gets Debtholder
Consent
Updated: Wednesday, February 7, 2001 06:21 PM ET
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MEXICO CITY (Dow Jones)--Multimodal transportation concern Transportacion Maritima
Mexicana SA (TMM, news, msgs) has received consent, from 75% of the holders of its 9
1/4% notes due 2003 and 10% senior notes due 2006, for the consolidation with Grupo TFM
and the merger with Grupo Servia. The company resulting from the consolidation and merger
will be named Grupo TMM.
Retail and entertainment portal Todito.com (E.DTF, news, msgs) signed a $3.5-million
financing agreement with Compaq Computer Corp. (CPQ, news, msgs). The 42-month leasing
plan will cover costs associated with Todito's new server infrastructure.
Financial services company Grupo Financiero
BBVA-Bancomer SA (E.GFB, news, msgs) Wednesday
launched "Crediton Auto," a new credit product. The loan
offers fixed interest rates for the acquisition of new and used
vehicles. The life of the credit ranges from six to 60 months,
allowing prepayments at any time with no penalty fees. |
