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Stock Market & Financial Investment News

News Breaks
December 20, 2012
15:40 EDTICAEmpresas ICA receives $342M for delivery of second La Yesca turbine
Empresas ICA announced the delivery of the second turbine of the hydroelectric project La Yesca Ing. Alfredo Elías Ayub and receipt of the second payment that corresponds to fulfilling the second unit Provisional Acceptance, in accordance with the contract with the Federal Electricity Commission. As a result, ICA received the second scheduled payment of $342M. The aggregate amount received to date is $1.042B and was applied to pay project debt.
News For ICA From The Last 14 Days
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February 3, 2016
05:10 EDTICAEmpresas ICA confirms sale of OMA shares pledged as collateral
Empresas ICA (ICA) confirmed that Deutsche Securities, S.A. de C.V., Casa de Bolsa 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 (DB) 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.

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