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OHL Mexico SAB de CV (OHLMEX.MX)

OHLMEX.MX on Mexico Stock Exchange

32.29MXN
13 Dec 2017
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1,053,025
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$35.00
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$18.78

Latest Key Developments (Source: Significant Developments)

OHL says Magenta reaches 85.85 pct stake in OHL Mexico upon tender offer
Thursday, 27 Jul 2017 10:35am EDT 

July 27 (Reuters) - OBRASCON HUARTE LAIN SA ::SAYS MAGENTA INFRAESTRUCTURA HAS ACQUIRED 28.34 PERCENT OF CAPITAL STOCK OF OHL MEXICO IN TENDER OFFER.SAYS MAGENTA INFRAESTRUCTURA HOLDS 85.85 PERCENT OF CAPITAL STOCK OF OHL MEXICO UPON ACQUISITION (WITHOUT CONSIDERING TREASURY SHARES).SAYS MAGENTA INFRAESTRUCTURA WILL PROCEED WITH SETTLEMENT OF CASH TENDER OFFER FOR OHL MEXICO.  Full Article

OHL files to reduce minimum acceptance condition in OHL Mexico bid
Monday, 10 Jul 2017 09:15am EDT 

July 10 (Reuters) - OBRASCON HUARTE LAIN SA ::MAGENTA INFRAESTRUCTURA FILES WITH CNBV TO EXTENDS CASH TENDER OFFER TO BUY UP TO 100% OF OHL MEXICO'S PUBLIC SHARES TO JULY 26‍​.SAYS MAGENTA REQUESTS TO REDUCE MINIMUM ACCEPTANCE CONDITION FROM 95 PERCENT TO 85 PERCENT.  Full Article

OHL says not aware of divestment process involving assets of OHL Mexico
Thursday, 20 Apr 2017 07:44am EDT 

April 20 (Reuters) - Obrascon Huarte Lain SA (OHL) ::Says acknowledges relevant event filed yesterday by OHL Mexico SAB de CV <<>>, a company of which OHL indirectly owns a 56 percent stake, in which it informs that maintains the asset rotation policy in place.Says it is currently not aware of any divestment process involving assets held by OHL Mexico SAB de CV.  Full Article

IFM fund agrees with OHL Mexico to raise stake in OPI to 49 pct
Tuesday, 4 Oct 2016 09:22am EDT 

: OHL's Mexican unit said that IFM fund had agreed to increase stake in Organización de Proyectos Infraestructra (OPI) to 49 percent from the previous 24.99 pct .IFM fund will pay OHL Mexico 8.6 billion Mexican pesos, around 400 million euros.  Full Article

Audit on OHL Mexico deal finds irregularities for $16 mln
Monday, 22 Aug 2016 02:38am EDT 

Obrascon Huarte Lain SA : Says Mexican watchdog finds bidding for Viaducto Elevado Bicentenario deal was carried out according to rules . Says auditor recommends rebalancing of concessions to recognize the investments made by OHL Mexico .Says audit finds irregularities concerning 296 million Mexican pesos ($16 million).  Full Article

Spain's OHL confirms talks over possible buyout of Mexican unit
Tuesday, 26 Jul 2016 12:32pm EDT 

Spain's OHL : Says in preliminary talks with an unnamed investment fund interested in a possible joint takeover bid for its Mexican unit, OHL Mexico . Says will not under any scenario invest additional funds to buy new shares of OHL Mexico . Reuters reported earlier on Tuesday OHL was in talks with Australia's IFM over a potential buyout of OHL Mexico [ID:nE8N13F02L] Further company coverage: [OHL.MC] (Reporting by madrid.newsroom@thomsonreuters.com) ((+34 91 585 2151;)).  Full Article

OHL Mexico's Amozoc-Perote highway receives approval to extend concession
Friday, 24 Jun 2016 09:56am EDT 

OHL Mexico SAB de CV :Said on Thursday its unit Grupo Autopistas Nacionales (GANA) has received authorization to extend the concession period and gradually increase tariffs on Amozoc-Perote highway.  Full Article

OHL Mexico SAB de CV board chairman steps down - Reuters News
Saturday, 30 Apr 2016 12:39am EDT 

OHL Mexico SAB de CV:The Mexican unit of Spanish construction firm OHL said on Friday its board chairman Jose Andres de Oteyza was stepping down and would be replaced by Juan Luis Osuna, who has served as the board's vice president - RTRS.OHL Mexico has been battered by corruption allegations since recordings were leaked in the first half of last year, in which its executives appeared to be discussing overcharging the government for a highway concession.The company said Oteyza was stepping down for personal reasons and did not go into further detail. He had been in the post since the end of March 2005, OHL Mexico said.  Full Article

OHL Mexico SAB de CV - Mexico's banking regulator fines OHL Mexico unit $4.1 mln - Reuters News
Monday, 28 Mar 2016 05:56pm EDT 

OHL Mexico SAB de CV:Mexico has fined the embattled Mexican unit of Spanish construction firm OHL 71.7 million pesos ($4.1 million) over inadequacies in its financial reporting, though the company said on Monday there was no evidence of fraud - RTRS.OHL Mexico has been battered by corruption allegations since recordings were leaked in the first half of last year, in which its executives appeared to be discussing overcharging the government for a highway concession.OHL Mexico Chief Executive Sergio Hidalgo said on a conference call that the company board voted unanimously to pay the fine.The company will be required by the Mexican securities regulator (CNBV) to work with its external advisors to come up with an acceptable way to report its so-called guaranteed return, OHL Mexico said in a statement to the stock exchange.  Full Article