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Stock Market & Financial Investment News

News Breaks
December 3, 2012
07:15 EDTICAJaver and Empresas ICA announce agreement to combine housing companies in Mexico
Servicios Corporativos Javer and Empresas ICA announced that they have entered into a definitive agreement to combine their homebuilding assets in Mexico, creating the second largest homebuilder in the Infonavit system. Javer will acquire the assets and operating liabilities related to 20 affordable housing development projects being developed by ICA through its ViveICA subsidiary in exchange for newly issued shares of stock representing a 23% ownership interest in Javer, plus the refinancing of 600M Pesos of associated project debt.
News For ICA From The Last 14 Days
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March 18, 2015
08:52 EDTICAEmpresas ICA reconfigures executive structure
Empresas ICA announced organizational and management changes as part of ICA's ongoing leadership transition process. These changes are effective June 1. The Construction division will be reconfigured to focus on public and private third party clients in Mexico, and will be led by Jorge Delgado, currently the most senior manager in the Construction division. The International division will manage all construction projects for international clients and oversee international affiliates. Rubén López, head of International business development, will head this division. The reconfigured Concessions division will integrate all phases of the infrastructure concessions life cycle, including construction, management and operation, as well as capital recycling transactions. Victor Bravo, currently CFO, will head this division. Gabriel de la Concha will become CFO. Luis Horcasitas and Carlos Mendez, current leaders of the Construction and Concessions divisions, respectively, will now become Executive VPs, advising the CEO and Executive Committee.

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