Vitro wins appeal; begins its pre-packaged concurso mercantil process
Officials at Vitro S. A. B. de C.V., Mexico, announced that in a resolution from the judge for the Second Unitary Court of the Fourth Circuit in Monterrey, the appeal proceedings submitted by Vitro has been resolved in favor of the company, according to an April 11 release. As part of such resolution, the court has already declared Vitro in concurso mercantil based on its pre-packaged voluntary proceedings petition which is supported by more than 650 bondholders and holders of other financial instruments.
Read the full release.