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OHL sells 7.5 percent stake in Mexican unit

Wednesday, November 19, 2014

Spain's OHL Concesiones has raised $288 million by selling a 7.5 percent stake in OHL Mexico to international institutional investors in a private placement.

The company said it will use the proceeds to pare down debt.

"The transaction will substantially increase the liquidity and negotiability of OHL Mexico's shares, as well as diversify its base of international investors," the company's filing to the Spanish securities regulator said.

Source: Fox News Latino