Servicios Corporativos Javer S.A.P.I. de C.V., a privately-owned housing development company in Mexico, and Empresas ICA, S.A.B. de C.V. (ICA), the largest infrastructure and construction company in Mexico, said Friday that they have have decided to terminate their agreements related to the combination of their homebuilding businesses as a result of the lapse of the contractual period of 180 days since the signing of the original accord and based upon the fact that both parties have not reached agreement on the conditions for closing the previously-announced deal.
In December, the two companies announced the landmark agreement to combine their housing businesses.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.