Delisting Announcement • Apr 12, 2018
Delisting Announcement
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National Storage Mechanism | Additional information
RNS Number : 7533K
Obrascon Huarte Lain, S.A.
12 April 2018
London Stock Exchange
Madrid, 12th April 2018
Ref.: Notification of Significant Event: OHL Concesiones closing
Dear Sirs,
The Company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:
Significant Event
As a continuation of the Significant Event announcements number: 257439, 259040 and 263861, OHL informs that the closing of the transaction of the sale and transfer of 100% share capital of OHL Concesiones, S.A.U. ("OHLC") by OHL to IFM Global Infrastructure Fund ("IFM") took place today.
The closing of the transaction took place according to the terms of the Share Purchase Agreement signed on November 30th 2017, that values OHLC in 2.775 million euros (Enterprise Value), resulting in a net consideration in favor of OHL, after the adjustments established in the Agreement (net debt, exchange rates and cash contributed to greenfield projects), of 2.158 million euros.
The amount of net capital gains of the transaction is 48 million euros.
Yours faithfully,
This information is provided by RNS
The company news service from the London Stock Exchange
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