OHL Mexico raises $529 million in share sale
OHL México, the Mexican subsidiary of Spanish construction company OHL, has raised 6.99bn pesos (US$529 million) in a share sale in Mexico. 55.4% of the offering was taken up by international investors, and 44.6% by local investors. The share sale closed yesterday, 26 June 2013.The money received will be used to cover the company's cash flow needs, finance its current investment plan and implement new projects.OHL México sold 13.91 % of the firm capital. The firm had launched an IPO in November 2010 selling 26.1 % of its capital.
OHL México began its activity in the country in 2002 and its continued growth since then has made it one of Mexico's top transport infrastructure operators, leading the industry in the metropolitan area of the Mexico City, both for the number of concessions awarded and the miles of highways under management. Currently, the company builds, manages, operates and maintains 6 toll roads and 1 airport.
The highway concessions are located in the urban areas with highest vehicular traffic in Mexico City, Mexico State and the State of Puebla, which are home to 27% of the nation's 2010 population and generated 31.22% of GDP and account for 25% of the total number of vehicles in Mexico (7.4 million).
In the airport sector, the Company participates in the integral management of the second largest airport , serving the metropolitan area of Mexico City.
Country news
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