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Spain's Ferrovial may dump ICA in Mexico

Tuesday, May 10, 2016

Spanish construction firm Ferrovial may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport.

The Spanish builder is weighing an exit from a "memorandum of understanding" with Empresas ICA the Mexican firm struggles under $3.74 billion in debt.

Source: Reuters