September 27, 2011
OHL Concesiones, has raised MXP1.83bn ($133.6m) through an equity swap for
OHL Concesiones, has raised MXP1.83bn ($133.6m) through an equity swap for shares of OHL Mexico, OHL Mexico says. The 3-year swap is equal to 6.3% of its stake, and OHL has the option to buy back the shares at the end of the period. OHL concesiones owns 51% of OHL Mexico, after floating it in an IPO last year. OHL officials were unavailable for additional comment on the exact terms and identity of the counterparty.