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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