Market Awaits OHL Mexico Price

Market Awaits OHL Mexico Price

Mexico Equity

OHL’s Mexican unit was set to price late Wednesday night an IPO that aimed to raise about MXP12bn. Spinning off 30%-35% of the OHL Concesiones Mexico unit, the Spanish builder planned to sell up to 447.8m units, including a 15% greenshoe, or 389.4m shares without, according to its most recent regulatory filings. The sale would raise MXP12.1bn if priced at the MXP27 midpoint of the MXP24-MXP30 range, and the greenshoe is exercised. BBVA and Santander are managing the Mexican portion, with Credit

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