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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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February 27, 2015
09:29 EDTICAEmpresas ICA reports Q4 EPADS (94c) vs. 26c last year
Reports Q4 revenue Ps. 10.96B vs. Ps. 7.73B last year. "For the full year and specifically in 4Q14, ICA's comprehensive financing cost was affected by the depreciation of the Mexican peso against the U.S. dollar. This affected the net result and leverage ratios. However, the currency depreciation does not have an immediate impact on cash flows," the company said. Construction backlog grew 16% to Ps. 35.55B, as compared to December 31, 2013. In addition, long-term contracts for mining and other services were Ps. 5.11B.

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