This excerpt taken from the ICA 6-K filed May 18, 2005.
THESE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION
FROM REGISTRATION REQUIREMENTS. THEY WILL BE OFFERED OUTSIDE PANAMA ONLY
PURSUANT TO THE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS GRANTED
UNDER RULE 144A AND REGULATION S OF THE1933 SECURITIES ACT, AS AMENDED.
THESE SECURITIES WILL NOT BE ISSUED IN MEXICO AND ARE NOT BEING ISSUED BY A
ICA was founded in Mexico in 1947. ICA has completed construction and engineering projects in 21 countries. ICAs principal business units include civil construction and industrial construction. Through its subsidiaries, ICA also develops housing, manages airports, and operates tunnels, highways, and municipal services under government concession contracts and/or partial sale of long-term contract rights.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 18, 2005