August 26, 2017 / 3:45 AM / a month ago

Mexico's ICA says filed pre-packaged bankruptcy plan

FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Mexican construction company ICA (ICA.MX) said late on Friday it and its subsidiaries had filed a pre-packaged bankruptcy plan that had been subscribed to by the majority of its creditors.

ICA, which has been struggling under a high dollar-denominated debt load, said the plan had been filed in accordance with the statutes of Mexican bankruptcy law.

“The restructuring process seeks to preserve the operations and business in progress of the entities that make up the ICA Group,” the company said in a statement to the Mexican stock exchange.

Reporting by Michael O'Boyle; Editing by Michael Perry

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