OHL Mexico to launch share buyback after offer from IFM

6/14/2017 Reuters

stock-marketOHL Concesiones, a unit of Spanish construction group OHL, and IFM Global Infrastructure Fund will launch on Thursday a share buyback for OHL Mexico stock, the Mexican unit said on Wednesday.

Holders of OHL Mexico shares will be offered 27 pesos per share, the company said in a statement.

The board of OHL Mexico said an offer price from IFM GIF, an Australia-based closed private equity fund, was fair and that it had taken into consideration the independent opinion of Rothschild Mexico.

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