Shares in Mexico's ICA plunge on default, restructure news

viernes 18 de diciembre de 2015 10:38 GYT
 

MEXICO CITY Dec 18 (Reuters) - Shares of embattled ICA plunged in early trading on Friday after the Mexican construction firm announced it was working on a restructuring plan and launched a major corporate reshuffle.

The stock fell over 25 percent to 3.9 pesos per share after also confirming it would default on a $31 million bond payment that was due on Nov. 30.

(Reporting by Alexandra Alper; Editing by Chizu Nomiyama)