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ICA Announces Sale of 2.9% OMA Shares

20:00 EDT 6 Aug 2015 | Globe Newswire

MEXICO CITY, Aug. 07, 2015 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced today that it sold 2.9% of its shareholdings in OMA in a private transaction. The proceeds will be used to pay debt.

Aeroinvest, S.A. de C.V., a wholly owned subsidiary of ICA, sold 11,581,300 OMA Series B shares on August 6, at a price of Ps. 83.50 per share.  The closing price of OMA Series B shares on the Mexican Stock Exchange on August 6 was 83.62.  After this transaction, ICA holds directly and indirectly 33.35% of OMA, and exercises control through its 74.5% ownership of SETA, which holds all OMA’s Series BB 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.com.mx.

For more information, please contact:  
 
Elena Garcia Gabriel de la Concha
elena.garcia@ica.mx gabriel.delaconcha@ica.mx
 Chief Financial Officer 
Gabriela Orozco 
gabriela.orozco@ica.mx In the US:
 Daniel Wilson, Zemi Communications 
relacion.inversionistas@ica.mx +(1212) 689 9560
+(5255) 5272 9991 x 3608 dbmwilson@zemi.com


 

 

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