Obrascon Huarte Lain S.A. (OHL) has announced the potential acquisition of its subsidiary OHL México. The Mexican firm has currently listed in the Mexican stock market more than 30% of its shares.

According to sources, the company is in preliminary talks with Australian investor IFM Investors to study a joint takeover bid of OHL Mexico.

However, according to OHL, the materialization of a joint takeover bid happens to be a mere possibility as there is no agreement closed with the above-mentioned international fund or any other.

OHL is not considering investing additional funds for the acquisition of new shares of OHL Mexico S.A.B. de C.V. in the context of the mentioned takeover bid or in any other transaction.

IFM, which already owns a 25% stake in the concessionaire OHL Mexico Circuito Exterior Mexiquense highway, would now be seeking to hold a 44 per cent interest in OHL México, the parent company of the road concessionaire.