OHL leaves Abertis after placing 2.5% of the share capital – Investing.com Spain

MADRID (Reuters) – OHL (MK:) on Monday announced that it has sold 2.5 percent of Abertis (MK:) in two operations for which the builder has brought in almost 332 million.

The operation has been carried out to a unit price of 13,59 eur per share of Abertis, without any discount with respect to the closing stock of the group of highways on Monday.

The group placed among institutional investors through UBS (SIX:), Merrill Lynch, and JP Morgan (NYSE:), a 1,84 percent of Abertis. These three banks bought up 0.66 per cent of the capital at the same price.

With the funds OHL plans to reduce gross debt and repay a financing of 273 million euros signed with UBS in 2015 and guaranteed by this 2.5 percent of the share capital of Abertis.

last October, OHL sold a 4.4 per cent of Abertis and said on this occasion that it would maintain the 2.5 per cent until 2018.

The builder had at the end of September with net debt of 3,838 million euros, excluding the divestitures in Abertis.

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