OHL’s Abertis block comes flat to close

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By Aidan Gregory
23 Jan 2017

Obrascón Huarte Lain, the Spanish construction company, sold a 1.84% stake in Abertis, the Spanish toll roads group, through an accelerated bookbuild launched on Monday evening that was covered very quickly after launch and priced with no discount to the close.

UBS was global co-ordinator, with Bank of America Merrill Lynch and JP Morgan bookrunners.

The block of 18.3m shares was launched without wall-crossing, at price guidance of €13.15 to market, a maximum 3.2% discount to the €13.59 closing price of Abertis on Monday.

Launched shortly after the ...

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