Goldman Sachs Group, Investment Banking and Securities Investments signed a definitive agreement to acquire additional 18.7% stake in Red de Carreteras de Occidente, S.A.B. de C.V. from Empresas ICA, S.A.B. de C.V. (BMV:ICA *) for MXP 5.1 billion.

Goldman Sachs Group, Investment Banking and Securities Investments signed a definitive agreement to acquire additional 18.7% stake in Red de Carreteras de Occidente, S.A.B. de C.V. from Empresas ICA, S.A.B. de C.V. (BMV:ICA *) for MXP 5.1 billion on June 20, 2013. The transaction is subject to customary closing conditions, approval by the Ministry of Communications and Transportation and the Federal Competition Commission. ICA will now use the proceeds of the transaction to pay short-term corporate debt as well as to complete funding the equity commitments for new projects.

Daniel Wilson of Zemi Communications acted as the public relations advisor to Empresas ICA. Brian Mangino, Robert Schwenkel and Bob Cassanos of Fried Frank Harris Shriver & Jacobson LLP acted as the legal advisor for Goldman Sachs in the transaction. Merrill Lynch acted as financial advisor for Empresas ICA.