Stockholders in Mexico's ICA approve share sale

MEXICO CITY, June 25 (Reuters) - ICA (ICA.MX)(ICA.N), Mexico's top building company, said on Thursday its stockholders have approved a plan to sell up to $350 million in shares to finance infrastructure projects.

ICA said it plans to sell 150 million shares in a local and international stock offer to finance the construction of highways, hospitals, homes and other projects.

Since the global credit crisis slammed emerging markets in October, executives at Mexico's biggest companies have been reluctant to try to sell new shares to investors wary of risk.

Analysts have said the share sale by ICA, which dilutes its capital by 30 percent, shows the company is having trouble in credit markets to finance infrastructure and housing. (Reporting by Gabriela Lopez; Editing Bernard Orr)