Last week, Grupo Aleman decided to buy Oceanografia, but stepped back because of the latter’s unexpectedly large liabilities.
Taking into account the last report on the Amando Yanez-led company’s bankruptcy status, Grupo Aleman said: “Given the circumstances surrounding Oceanografia, this is a process in which there is expected to be clear destruction of value to the detriment of Mexican society, in particular to the employees, shareholders and creditors of the business.”
Oceanografia
