OHL says it is in talks with fund over Mexico unit buyout

07/26/16 Reuters

Spanish construction group OHL confirmed on Tuesday it was in preliminary talks with an unnamed investment fund over a joint bid to take its Mexican unit private.

Earlier on Tuesday, a source familiar with the discussions said Australian fund management firm IFM, which already has joint operations in Mexico with OHL, was looking into a potential joint buyout of OHL Mexico.

Shares of OHL Mexico rose more than 20 percent to 25.31 pesos on the news, their largest daily gain since 2010. Mexico’s stock exchange halted trading of the shares to control price volatility.

Read more…


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s