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The Independent UK
The Independent UK
National
Via AP news wire

Mexican magnate's firm says it's too poor to pay US bondholders the tens of millions owed

United States Ricardo Salinas Pliego TV Azteca
Copyright 2023 The Associated Press. All rights reserved.

The company run by Mexican TV, retail and banking magnate Ricardo Salinas Pliego said Tuesday it had failed to reach agreement with bondholders in the United States who are owed tens of millions of dollars in past-due payments.

Salinas Pliego's TV Azteca company issued a statement Tuesday saying it needed a restructuring of bonds that come due in 2024 because business was so bad.

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