CEO of embattled Mexican builder ICA quits - sources
Mexico City
ALONSO Quintana Kawage, chief executive of Mexico's cash-strapped construction company ICA, is leaving his post, two sources familiar with the matter said, as the company struggles to renegotiate its multi-billion dollar debt load.
The move is part of a wider restructuring aimed at regaining investor confidence after the company's steep slump into debt and a cash crunch under Mr Quintana, the grandson of ICA's founder and who became CEO in 2012.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Half of German housing construction firms short on orders
China’s housing mess finally hits Xi’s interest
A way to beat high mortgage rates is to take over someone else’s loan
With China’s property market struggling, India, South Korea and Vietnam are hot
Shophouse sales surge and at higher prices in Q1 as high-net-worth investors return: Knight Frank
Sony’s plans for Paramount include sale of famous studio lot