The price of shares of the Spanish company Sacyr, which has a 41.6% stake in the consortium that built the third locks for the Canal expansion  Grupo Unidos por el Canal (Gupc) fell 25% after the Chamber of International Trade (ICC), based in Miami, ruled the group had to return $265 million to the Panama Canal Authority (ACP).

Last Friday, before the arbitration ruling, Sacyr shares were trading at .03 euros ($2.38), but on Monday it fell to 1.52 euros ($1.78).

There are two arbitrations pending resolution, according to Spanish media,. The floodgates and labor cost overruns, for which it claims $780 million and the cost of interruption, for $2.97 billion  In total, they add up to $3.75 billion.

In a statement, Sacyr stated that it respects, although it does not share, the ICC's decision, “which contradicts the previous decision of the DAB (Dispute Arbitration Board) that recognized 50% of the claim made by Gupc regarding the composition of the basalt and the concrete formula”