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Trading in Mexico's ICA suspended after shares rise over 12 pct
January 26, 2016 / 3:14 PM / 2 years ago

Trading in Mexico's ICA suspended after shares rise over 12 pct

MEXICO CITY, Jan 26 (Reuters) - Trading in shares of embattled Mexican construction firm ICA was suspended after the stock rose over 12 percent in early trading on Tuesday.

Hit by a heavy dollar debt load, a sinking peso, and a cash crunch from fewer projects, ICA has announced it would default on two interest payments of about $37 million. (Reporting by Gabriela Lopez)

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