OHL says sells its 2.5 per cent remnant of Abertis – Investing.com Spain

MADRID (Reuters) – OHL (MK:) announced Monday that it is in the process of selling the 2.5 per cent he still has in Abertis (MK:) in two operations that will allow you to reduce debt.

In a significant event, OHL said that it has given mandate to UBS (SIX:), Merrill Lynch, and JP Morgan (NYSE:) put 18,25 million shares (a 1,84 per cent of the capital of Abertis among institutional investors.

Additionally, OHL will sell 6.5 million shares (0.66% of the equity) of Abertis to the three banks underwriters.

With the funds OHL will reduce gross debt and repagará funding of 273 million euros signed with UBS in 2015 and guaranteed by this 2.5 percent of the share capital of Abertis.

The Abertis shares closed Monday at 13,59 euros, with what the market value of the 24,75 million shares that OHL plans to sell amounted to approximately 336 million euros.

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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