GTR Groupo triebasa.. Look at the chart.. A winner Message Board

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Non-Tech : GTR Groupo triebasa.. Look at the chart.. A winner

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To: JDGarza who wrote (121)	5/3/1999 11:11:00 AM
From: Amadeo Mendez-Vigo	Read Replies (1) of 214

No had not notice...??????????? Some old news you might have miss.... COMPANIES & FINANCE: THE AMERICAS: Tribasa aims for recovery in debt restructure Abstracted from Financial Times 04/22/99 By end-1999, construction company Grupo Tribasa (Mexico) aims to restructure or repay most of its debt. In 12/98, the company announced a restructuring plan for $550 mil in corporate debt, and so far it has cancelled almost half of it. Of the remaining debt, the bank is working to negotiate all but $25 mil of it with over 15 creditors. The negotiations would entail divestment of non-core assets and publicly listing projects in Mexico and Chile. In 1999, debt grew to $1.3 bil, including project financing. By end-1999, debt should be down to $270 mil, according to the company's vice president of finance Manuel Delgado. The company must still produce $40 mil/yr in surplus cash at a minimum, in order that the company can meet interest payments on debt, generate shareholder value and maintain business functions. The full text includes general discussion about the company's plans to reduce debt.

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