ICA Confirms Agreement Involving ViveICA

MEXICO CITY, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, stated that it has agreed with an equity investor to engage in a series of future transactions related to certain of the low income real estate assets of its housing development subsidiary, ViveICA. ICA does not expect that the transactions, if completed, will result in cash generation for the parent company, but does expect them to provide additional working capital for the assets subject to the transactions.

ICA will inform the market when and if any material transactions are completed. 

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.

For more information, please contact:

Elena Garcia             
[email protected]

Gabriela Orozco
[email protected]

[email protected]
+(5255) 5272 9991 x 3608   

Pablo Garcia 
Chief Financial Officer
[email protected]

In the US:
Daniel Wilson, Zemi Communications	
+(1212) 689 9560
[email protected]