Mexico's Alfa: No binding restructure proposal for Pacific yet

Tue Apr 5, 2016 5:08pm EDT
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MEXICO CITY, April 5 (Reuters) - Mexican industrial conglomerate Alfa said on Tuesday it had not yet made a binding restructuring proposal for Colombia-based oil company Pacific Exploration & Production Corp, adding it would inform markets if it decides to do so.

Alfa's filing to Mexico's stock exchange comes after Bloomberg reported that Alfa had made a bid for Pacific Exploration & Production that would wipe out shareholders' equity.

Asked if Alfa had made a bid for Pacific, a company spokesperson declined to comment on what they said was a "rumor." (Reporting by Mexico City Newsroom; Editing by Sandra Maler)