ICA Sells Its Interest in Proactiva Medio Ambiente
December 24 2015 - 6:00PM
MEXICO CITY, Dec. 24, 2015 (GLOBE
NEWSWIRE) -- Empresas ICA. S.AB. de
C.V. (BMV:ICA) and (NYSE:ICA), the largest
infrastructure and construction company in Mexico, announced the
sale of its 49% interest in the environmental services company
Proactiva Medio Ambiente for up to Ps. 1,240 million.
The proceeds will be used to
implement ICA's cost reduction program and for operational
purposes.
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.
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.
For more information, please contact:
Elena Garcia
elena.garcia@ica.mx
Gabriela Orozco
gabriela.orozco@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via
Globenewswire
HUG#1975910