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OHLMEX.MX on Mexico Stock Exchange

17 Apr 2018
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Latest Key Developments (Source: Significant Developments)

IFM fund agrees with OHL Mexico to raise stake in OPI to 49 pct
Tuesday, 4 Oct 2016 

: 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 

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 

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 

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 

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

Graft probe into Mexico president's ally poses tricky challenge ahead of elections

MEXICO CITY, Oct 20 With a tight general election looming next year, Mexican President Enrique Pena Nieto faces a tough choice on whether to pursue a graft probe involving a prominent ally and Brazilian construction firm Odebrecht.