ICA Confirms Its Strategic Objectives in the Housing Sector
May 31 2013 - 12:22PM
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest
infrastructure and construction company in Mexico, announced today
that the Company had not reached an agreement on the
previously-announced transaction with Servicios Corporativos Javer
S.A.P.I. de C.V.
In this context, ICA confirmed its strategic focus in the
construction and infrastructure development sectors. The Company
will continue developing its current housing development projects,
but does not expect to make any additional investments in the
sector. The Company will also seek near-term opportunities to carry
out transactions involving these assets that generate value.
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction
and infrastructure operations company. Founded in 1947, ICA's
principal lines of business are civil and industrial construction
and engineering; infrastructure operations, including airports,
toll roads, and water systems; and homebuilding. For more
information visit www.ica.com.mx/ir.
This press release may contain 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.
CONTACT: Iga Wolska
iga.wolska@ica.mx
Elena Garcia
elena.garcia@ica.mx
relacion.inversionistas@ica.mx
(5255) 5272 9991 ext.3696
Gabriel de la Concha, CIO
gabriel.delaconcha@ica.mx
Victor Bravo, CFO
victor.bravo@ica.mx
In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
dbmwilson@zemi.com