OHL Mexico to raise $800 million in share sale

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OHL Mexico to raise $800 million in share sale

According to local sources, OHL Mexico SAB, the Mexican unit of Spanish construction company Obrascon Huarte Lain SA (OHL) is planning to raise about $800 million in a share sale.

OHL Mexico would be interested in selling around 15 % of the firm capital. The firm launched an IPO in November 2010 selling 26.1 % of its capital. This new sale would suppose that OHL would retain a 59 % stake in its Mexican subsidiary.

OHL Mexico, SAB de CV 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.

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