ICA Confirms Sale of OMA Shares Pledged as Collateral
February 02 2016 - 9:30PM
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest
infrastructure and construction company in Mexico, confirmed today
that Deutsche Securities, S.A. de C.V., Casa de Bolsa ("Deutsche
Bank") foreclosed on collateral in the form of OMA Series B shares
pledged to secure a loan to ICA's wholly-owned subsidiary,
Aeroinvest, after a Mexican federal judge granted Deutsche Bank a
suspension of the injunctions sought by ICA related to the pledged
shares. In connection with the foreclosure on the pledged shares,
Deutsche Bank sold a total of 33,162,600 OMA Series B shares,
representing 8.29 % of OMA's equity capital in the form of Series B
and Series BB shares.
Excluding the shares referenced
above, ICA holds a 17.23 % ownership interest in OMA in the form of
Series B and Series BB shares, directly and indirectly, through
Aeroinvest and SETA. ICA is not in default under any other
loan agreement subject to a pledge of OMA shares.
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:
Gabriela Orozco
gabriela.orozco@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3012
Pablo Garcia
Chief Financial Officer
pablo.garcia@ica.mx
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#1983280