Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

ICA Shares Suspended for 2nd Day on the BMV

Trading was suspended after falling 29.75 percent on Thursday

The ICA construction company, one of the leaders in its field in Mexico, is facing stark financial difficulties, photo: CAPITAL MEDIA
By Notimex Whatsapp Twitter Facebook Share
1 year ago

MEXICO CITY — For the second consecutive day, ICA shares were suspended on the Mexican Stock Exchange (BMV), which recorded a drop of almost 30 percent in response to the uncertainty of investors for the Mexican construction company’s restructuring of its debt.

Trading was suspended after falling 29.75 percent on Thursday.

Last December, ICA failed to pay interest on a bond payment and this February saw another missed payment. It announced a plan to cut costs and restructure its debt, which at the end of September was 57.9 billion pesos ($3.2 billion).

The company warned in its annual report, delivered to the BMV, that their lack of liquidity could affect its operating capacity.

Comments Whatsapp Twitter Facebook Share
More From The News
Sports

Prosecutors to Argue Pistorius should ge ...

3 hours ago
Business

Global Shares Drift as Investors Pause A ...

3 hours ago
World

German WWI U-Boat Found off Belgium with ...

3 hours ago
World

Moscow Unveils Monument to Kalashnikov, ...

3 hours ago
Most Popular

Hurricane Maria Smashes Dominica, Now Me ...

By The Associated Press
World

Global Shares Drift as Investors Pause A ...

By The Associated Press
Business

Mancera Pays Tribute to 85 Earthquake in ...

By Notimex
Mexico

Rohingya Muslims being Wiped Off Myanmar ...

By The Associated Press
World

German WWI U-Boat Found off Belgium with ...

By The Associated Press
World