OHL sells 4.425% stake of Abertis
OHL, the Spain-based developer, has announced the sale of further 4,425% stake in Abertis, retaining the remaining 2.5% shares in the company until 2018.
The cost of the transaction has reached around €600 million (US$671 million) with a price of €13.65per share.
According to sources, UBS was the global coordinator of the sale with Merrill Lynch and JP Morgan acting as bookrunners.
As we reported in early July, OHL already sold 69,326,692 shares of Abertis Infraestructuras, S.A., representing 7.0% of the share capital of Abertis. Therefore, the value of the transaction reached up to €815 million (US$1 billion). Bank of America Merrill Lynch, JP Morgan and UBS have acted as joint bookrunners in this transaction.
Abertis Infraestructuras, S.A. is a Spanish conglomerate corporation. The company runs over 8,000 kilometres of motorways in Europe and America. Abertis manages toll roads and telecommunication infrastructures.
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