Desc says it could reach deal on debt by year-end


MEXICO CITY, Sept 23 (Reuters) - Mexican holding company Desc SA de CV on Tuesday said it could reach a deal with its creditors by the end of 2003 to restructure debt worth $700 million. Alejandro de la Barreda, Desc's head of financial information, told Reuters the company met with foreign creditors in New York last week. On Tuesday the company held similar meetings with local banks aimed at renegotiating debt maturing over the next three years. "We hope to close (negotiations) before ...

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