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Mexico's ICA sells Panama highway concession in Panama for $420 Million. City’s southern corridor route

Thursday, August 25, 2011

\ Mexican construction firm Empresas ICA said that its Panamanian subsidiary sold its southern corridor highway concession there to the Panamanian government for $420 million.\ \ At the same time, the unit paid $154 million on a bridge loan related to the project.\ \ Parent company ICA said it netted about $220 million from the highway concession sale after expenses and taxes related to the transaction.\ \ \ \ Original source: Dow Jones\ \ \ \