Mexico's ICA sells stake in waste firm, in talks with Caisse: Reuters

Mexico's ICA has sold its stake in an environmental waste firm for around 1.2 billion pesos (US$69.69 million), sources told Reuters, as the embattled construction company scrambles for cash after declaring it would default. ICA is also in talks with Canada's second largest pension fund, Caisse de dépôt et placement du Québec, over possible asset sales, a source said. Earlier this year, the Caisse said it would pay 3 billion pesos for a 49 percent stake in Mexican infrastructure joint ventures with ICA.

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