Expansion consortium shares plunge on Miami ruling

449Views 0Comments Posted 13/12/2018

Shares of Spanish construction company Sacyr fell over 14% on  the Madrid Stock Exchange, after the International Chamber of Commerce, based in Miami (United States), decided that the group should return to Panama, $355 million of  the advances it received to build the Canal expansion and  shares  of the Italian company Impregilo  fell 14.14% on the Milan stock exchange.

Both companies were part of the GUPC consortium hit by  the international arbitration ruling that settled the differences with the Panama Canal Authority (ACP)

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