if approved, the operation by the regulators, the funds raised will be reinvested in new projects for concessions.
MEXICO CITY (Expansion) –
OHL Mexico arrived this Monday to an agreement with the fund manager IFM, which seeks to increase 24.01% your participation in a subsidiary of infrastructure projects of the builder.
MFI will increase its holding of the company Organization of Infrastructure Projects (IPAS) from 24.99% to 49%, and the constructor will raise 8,644 million pesos, always and when obtained the consent of the regulator.
"once you have determined the form and terms in which it will conduct such an increase shall inform such situation to the investing public pursuant to the terms provided in the applicable provisions," said the developer in a statement sent to the Mexican Stock exchange on Tuesday.
The funds raised from the transaction will be reinvested in new concession projects, with the aim of strengthening the financial capacity of the builder, said the company in the document.
After the announcement, the shares of OHL Mexico advance to 2.34% in the Mexican Stock exchange and its securities are sold in 25.72 weights.
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