FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the month of June, 2015
Commission File Number 1-11080
THE
ICA CORPORATION
(Translation of registrant's name into English)
Blvd.
Manuel Avila Camacho 36
Col. Lomas de Chapultepec
Del. Miguel Hidalgo
11000 Mexico City
Mexico
(Address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F.....x.... Form 40-F.........
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate
by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
..... No...x...
If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
ICA
and CDPQ complete Ps. 3,014 million transaction to create ICA OVT, an operational platform dedicated to transport projects in
Mexico
| - | Project initially includes four Mexican tollroad and highway concessions,
totaling 433 km of highways across Mexico |
June 19, 2015,
Montreal and Mexico City — Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA), the largest infrastructure and construction
company in Mexico, and CDPQ (Caisse de dépôt et placement du Québec), one of Canada’s leading institutional
fund managers, announced today the completion of the transaction to create an operational platform that owns the concessions
for four of ICA’s operational
toll roads and highways.
The operational platform, ICA
Operadora de Vías Terrestres (“ICA OVT”) is a newly formed joint venture company. ICA transferred its ownership
interest in the concessionaires for the four projects to ICA OVT. Under the terms of the transaction, ICA owns 51% of the platform
and CDPQ 49%. For its equity interest, CDPQ is paying ICA Ps.3,014 million which will in turn be principally used to prepay ICA’s
short term corporate debt.
ICA and CDPQ will operate the
joint venture with a focus on participating in the operation and acquisition of highway and toll-road infrastructure assets in
Mexico. ICA will continue to be responsible for the operation of the highways and for all maintenance requirements. The four highways
and tollroads included in the initial transaction are, Mayab tollroad, Rioverde – Ciudad Valles highway, La Piedad Bypass
and the Acapulco Tunnel.
Alonso Quintana, ICA’s
CEO, noted, “ICA is pleased to form this partnership with CDPQ, a world-class fund manager. This transaction enables ICA
to monetize a significant portion of our investment in these mature assets, and redeploy the capital to reduce corporate debt and
fund our investments in the next wave of infrastructure development that is occurring in Mexico. This transaction represents the
first step in the creation of a platform that, by incorporating other similar assets as they mature, will allow us to continue
to grow in a balanced manner, while at the same time systematically reducing our leverage and creating value for ICA shareholders.”
“This partnership with
Mexico’s largest construction and infrastructure firm presents an opportunity to increase our exposure to a promising market
at a time when major structural reforms are underway to step up infrastructure programs and stimulate the country’s economic
growth,” said Macky Tall, Senior Vice-President, Private Equity and Infrastructure at CDPQ.
“By partnering with ICA,
a true industry leader, we are doing more than simply investing in four Mexican highway projects. We are creating a long-term operational
platform to foster our participation in major projects that have a direct impact on the economy, while generating attractive returns
for our clients,” added Mr. Tall.
This press release contains
projections or other forward-looking statements related to ICA that reflect ICA’s current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual
results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico,
Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico
or Mexican companies, changes in tax and other laws affecting ICA’s businesses, increased costs, unanticipated increases
in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors
set forth in ICA’s most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to
its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof,
and ICA assumes no obligation to update such statements.
ABOUT ICA
Empresas ICA, S.A.B.
de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and
operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA
is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.mx.
ABOUT CDPQ (CAISSE DE DÉPÔT
ET PLACEMENT DU QUÉBEC)
La Caisse de dépôt
et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension
and insurance plans. As at December 31, 2014, it held C$226 billion in net assets. As one of Canada's leading institutional fund
managers, CDPQ invests in major financial markets, private equity, infrastructure and real estate, globally. Its infrastructure
portfolio totals more than C$10 billion in assets. For more information: www.cdpq.com.
Contact information:
Empresas ICA
| Gabriel de la Concha, CFO |
|
in the US: Daniel Wilson
Zemi Communications |
| |
|
|
Elena Garcia, Investor Relations
+5255 5272 9991 x 3608
relacion.inversionistas@ica.mx
|
|
+1 212 689 9560
dbmwilson@zemi.com |
| |
|
|
Caisse de dépôt et placement du Québec
|
|
|
Maxime Chagnon
Senior Director, Media Relations
+1 514 847 5493
mchagnon@cdpq.com
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.
| Date: June 22, 2015 |
Empresas ICA, S.A.B. de C.V.
/s/ Gabriel de la Concha Guerrero
Name: Gabriel de la Concha Guerrero
Title: Chief Financial Officer
|