Source - RNS
RNS Number : 9553I
Obrascon Huarte Lain, S.A.
22 June 2017
 

London Stock Exchange

 

Madrid, June 22nd, 2017

 

Ref.: Notification of Significant Event:

 

 

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:

 

Significant Event

 

The company has launched today a prospective process to evaluate the possibility to incorporate a significant minority shareholder at its wholly owned subsidiary OHL Concesiones S.A. ("OHL Concesiones").

 

The potential transaction would materialize through the incorporation of an institutional investor that would support growth and would reinforce the business model that OHL Concesiones has developed with significant success. OHL will maintain in any case a majority stake and control of OHL Concesiones.

 

The proceeds from the transaction will be allocated by OHL to accelerate the company´s recourse net debt reduction plan, allowing also to reduce OHL´s future capital contribution needs for new concession projects of OHL Concesiones.

 

The management team of OHL will hold a conference call (conducted in English) for analysts & investors on June 23rd at 9:30 CET / 8:30 GMT.

 

The details of the conference will be available at www.ohl.es.

 

 

Yours faithfully,

 

 

 

José María del Cuvillo Pemán
Secretary of the Board of Directors
 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDFTMRTMBITBLR