Crystal Clear.

• Position: Vitro S.A. sells controlling stake in company Vitrocrisa - Art

Mexican glassmaker Vitro has sold its 51% stake in Vitrocrisa to U.S. joint-venture partner Libbey for US$109 million, in an effort to shore up its finances. The deal is part of a broader strategy unveiled by Vitro in April to sell non-productive assets in a bid to reduce its estimated $1.36 billion debt load. Vitrocrisa, now wholly owned by Libbey, was established as a joint venture in...