Empresas ICA, S.A.B. de C.V. (BMV:ICA *) has announced some updates to the on-going strategic review. Over the next 30 to 60 days, with the help of N M Rothschild & Sons Limited and FTI Consulting, Inc. (NYSE:FCN), Empresas will work on a cost-cutting plan and a restructuring plan. Empresas expects that the initial restructuring plan will be finalized by mid-February 2016.

Empresas has also begun the process of engaging with its creditors and other stakeholders. While this review is ongoing, Empresas' priority will be to serve the clients and to continue providing construction and concession-management services. Empresas has decided that the company will not pay the interest payment of $31 million due on November 30, 2015.