The board of directors of OHL will analyze on Tuesday a potential merger with the construction business of Caabsa Infraestructuras, owned by the Mexican family Amodio, as reported by the company controlled by the Villar Mir group to the National Securities Market Commission (CNMV) .
Specifically, the Amodio family has sent a letter addressing the eventual merger by absorbing OHL of the Caabsa construction business, which would grant the Mexican family a share of not less than 31% or greater than 35% of the share capital. of the society.
“The Company has convened a Board of Directors at 10:00 am today to discuss the letter received from Mr. Amodio,” indicates the note sent to the CNMV.
OHL specifies that a potential merger with the Caabsa construction business, if agreed, would be subject to the authorization by the CNMV of the exemption to Caabsa of the obligation to formulate a public acquisition offer (OPA) for shares of OHL (at exceed the 30% threshold), as it is a merger with an industrial or business objective, as specified by the company controlled by the Villar Mir group.
Last October, the CNMV already suspended during a day the price of OHL due to the possibility of this operation being carried out. After sending its statement to the CNMV, OHL shares soar more than 9% in the Continuous Market.