Grupo Cosmos/Cartonajes Estrella & Corporacion Durango

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GE Capital Bank, S.A., Bancomer, HSBC, Banorte and Grupo Cosmos, S.A. de C.V.,owners of a paper and packaging plant in Tizayuca, Hidalgo, restructured their liabilities and divested their assets to Corporacion Durango.

Corporacion Durango, now Bio Pappel, S.A.B. de C.V. is Mexico’s leading packaging and paper company.

PC Capital acted as advisor to Corporacion Durango and the lenders.