Mexican builder trims its stake in the local airport operator to pay back a $34m loan from Value Arrendora
Tag: ICA
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ICA CEO resigns
Alonso Quintana steps down to help the Mexican building company’s restructuring process
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Deutsche Bank sells OMA shares
German lender sells shares in Mexican airport operator, after OMA’s parent company fails to repay loan
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ICA to skip second coupon payment
The company is currently in a formal default and working with advisors on a restructuring agreement with bondholders
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Restructuring head leaves ICA
Orlando Loera joined the company in December but is now said to have retired
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Banobras, Inbursa, Santander most vulnerable to ICA problems: Moody’s
A possible default by Ica could add an average of 100bp to the delinquent commercial loan ratio at 15 lenders to the Mexican construction company
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ICA trims stake in airport operator OMA
Aeroinvest, a subsidiary of Mexican infrastructure firm ICA, sells part of its holding in Grupo Aeroportuario del Centro Norte