Mexican conglomerate Alfa to pay down debt with capital increase, subsidiary dividend-February 2024-www.financetom.com

Mexican conglomerate Alfa to pay down debt with capital increase, subsidiary dividend

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Mexican conglomerate Alfa to pay down debt with capital increase, subsidiary dividend

Sep 11, 2024 4:24 AM

MEXICO CITY, Sept 10 (Reuters) - Mexican conglomerate

Alfa said on Tuesday that it plans to pay off $500 million in

debt with a capital increase and also a cash dividend from its

chemical subsidiary Alpek.

The firm will propose a $400 million capital injection to

shareholders at a meeting later this month, Alfa said in a

statement. The additional $100 million will come from an Alpek

dividend.

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