DGAP-News
ICA Increases Presence in the United States With Acquisition of the Facchina Construction Group - Seite 2
In 2013 FCG had revenues of approximately US$ 230 million, EBITDA of
approximately US$ 8 million, and net income of approximately US$ 7 million. As
of Dec. 31, 2013, FCG had net cash of approximately US$ 30 million.
Construction backlog totaled approximately US$ 291 million at year-end. We are
currently in the period of post-closing review.
Paul Facchina, Sr., the founder of FCG, said, 'I am proud to have built
Facchina to where we are now. The best way to continue to develop the Facchina
Group is to join forces with an international construction and infrastructure
group. ICA can provide the additional technology, engineering talent, financial
resources, and infrastructure experience that will bring Facchina Group to the
next level. This agreement will help us sustain growth, provide quality
solutions for our clients, and offer advancement opportunities for our
employees. I look forward to continuing to serve as chairman of the Group and
to help make Facchina an outstanding performer in ICA's broad portfolio of
businesses.'
The transaction has received all necessary U.S. regulatory approvals.
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 http://ri.ica.mx/
This press release may contain 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.
CONTACT: Ana Paulina Rubio
ana.rubio@ica.mx
Elena Garcia
elena.garcia@ica.mx
relacion.inversionistas@ica.mx
(5255) 5272 9991 ext.3608
Gabriel de la Concha, CIO
gabriel.delaconcha@ica.mx
Victor Bravo, CFO
victor.bravo@ica.mx
In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
dbmwilson@zemi.com
News Source: NASDAQ OMX
End of Corporate News
---------------------------------------------------------------------
27.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Empresas ICA, S.A.B. de C.V.
United States
ISIN: US2924482068
End of News DGAP News-Service
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275680 27.06.2014
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 http://ri.ica.mx/
This press release may contain 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.
CONTACT: Ana Paulina Rubio
ana.rubio@ica.mx
Elena Garcia
elena.garcia@ica.mx
relacion.inversionistas@ica.mx
(5255) 5272 9991 ext.3608
Gabriel de la Concha, CIO
gabriel.delaconcha@ica.mx
Victor Bravo, CFO
victor.bravo@ica.mx
In the United States:
Daniel Wilson, Zemi Communications
(1212) 689 9560
dbmwilson@zemi.com
News Source: NASDAQ OMX
End of Corporate News
---------------------------------------------------------------------
27.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Empresas ICA, S.A.B. de C.V.
United States
ISIN: US2924482068
End of News DGAP News-Service
---------------------------------------------------------------------
275680 27.06.2014
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