M&G Texas plant sale approved as Delaware court overrules Mexican bank’s challenge
Plastic bottles (Credit: iStock.com/yanik88)
The US arm of Italian plastics firm Mossi Ghisolfi (M&G) has won approval from a Delaware bankruptcy court for the sale of an unfinished Texas chemical plant, after attempts by Mexico’s export-import bank to hold some of the proceeds in escrow pending the resolution of fraud claims failed.
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