Mexico's ICA says filed pre-packaged bankruptcy plan
Reuters
Published Aug 25, 2017 11:46PM ET
Mexico's ICA says filed pre-packaged bankruptcy plan
MEXICO CITY (Reuters) - Mexican construction company ICA (MX:ICA) said late on Friday it and its subsidiaries had filed a pre-packaged bankruptcy plan that had been subscribed to by the majority of its creditors.
ICA, which has been struggling under a high dollar-denominated debt load, said the plan had been filed in accordance with the statutes of Mexican bankruptcy law.
"The restructuring process seeks to preserve the operations and business in progress of the entities that make up the ICA Group," the company said in a statement to the Mexican stock exchange.
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