Satmex studies the sale cartel is hung again or tries to fuse with another company, to strengthen his market position, after a frustrated alienation last year, said the company in a bulletin sent on Thursday night.

The attempt of sale of 2007 was part of a debt restructuring that there left 78 % of the actions of the company and 43 % of the actions with right to vote in hands of the creditors. The Mexican State also supports a stock participation in the company.

In this moment, the acquisition offers did not overcome the basic number for 500 million dollars for that there were looking the new shareholders, who said that they would think about how to refinance the debt of approximately 380 million dollars of the company and to capitalize it.

"We have begun to give clear steps to carry out our plan of reinforcing the Satmex (...) position and today I am very glad to announce Perella Weinberg Partners like our financial advisers," there said Patricio Northland, general manager of Satmex, in the bulletin.

The company said that the alternatives that he studies "can include, but they are not limited to the continuous execution of the plan of operations of Satmex, to finance and to throw an additional satellite, the sale or merger of Satmex, or any another strategic deal."

The company put in orbit in 2006 the satellite Satmex 6, valued for approximately 230 million dollars and with aptitude to transmit television and information.


(Reuters, 08/07/08)