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Mexico: Construction giant ICA sells highway stake to Goldman Sachs

By  |  June 20, 2013

Mexico’s largest construction and infrastructure conglomerate has agreed to sell its stake in the owner of more than 420 miles of highway. According to a press release, Empresas ICA will sell its 18.7 percent stake to Goldman Sachs funds; ICA expects about $378 million for the transaction; further, the company will continue to operate the roadways. The deal, initiated last year, is subject to approval by Mexico’s Ministry of Communications as well as the Federal Competition Commission.

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