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Mexico's ICA forecast to win big under Peña Nieto

Thursday, July 5, 2012

Incoming Mexican President Enrique Peña Nieto’s vow to improve the country’s highways, ports and plazas is making bonds by builder Empresas ICA a buy to Interacciones and Actinver.

Peña Nieto signed and notarized more than 200 pledges in cities across Mexico during the campaign, with about 75 percent of the promises focusing on infrastructure.

The program, which includes plans to renovate a stretch of Acapulco, the Pacific beach resort once frequented by Frank Sinatra, will boost a construction industry already benefiting from quickening economic growth, said Alejandro Hernandez, who helps manage about $1 billion of assets at Interacciones.

Source: Bloomberg