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EMPRESAS ICA SAB DE CV

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Empresas ICA SAB de CV : ICA Sells Its Interest in Proactiva Medio Ambiente

12/24/2015 | 06:01pm EDT

MEXICO CITY, Dec. 24, 2015 (GLOBE NEWSWIRE) -- Empresas ICA. S.AB. de C.V. (BMV:ICA) and (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced the sale of its 49% interest in the environmental services company Proactiva Medio Ambiente for up to Ps. 1,240 million.

The proceeds will be used to implement ICA's cost reduction program and for operational purposes.

This press release contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.mx:
http://ir.ica.com.mx/.

For more information, please contact:

Elena Garcia
elena.garcia@ica.mx

Gabriela Orozco
gabriela.orozco@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608

In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via Globenewswire

HUG#1975910
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Managers and Directors
Guadalupe Phillips Margain Chief Executive Officer & Director
Pablo Garcia Aguilar Chief Financial Officer & Head-Investor Relations
Bernardo Quintana Isaac Chairman
Prospero Antonio Ortega Castro Vice President-Risk & Administration
Elsa Beatriz García Bojorges Independent Director
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