Expansion consortium shares plunge on Miami ruling
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)