(BFW) OHL Aims to Raise Up to EU1B With Capital Increase


BN 07/30 16:52 *OHL AIMS TO RAISE UP TO EU1B IN CAPITAL
BN 07/30 16:50 *OHL TO PROPOSE CAPITAL INCREASE

OHL Aims to Raise Up to EU1B With Capital Increase
2015-07-30 17:02:53.994 GMT


By Charles Penty
(Bloomberg) -- OHL calls extraordinary shareholder meeting
for Sept. 7 or 8, co. says in regulatory filing.

* Co. proposes capital increase up to EU1b, 1.67b shrs
* Funds to be used to strengthen capital structure under 2020
strategic plan
* Funds to be used to reduce net debt with recourse (~EU650m);
invest in developing new concessions awarded to co. outside
Mexico (~EU350m)
* Villar Mir group to commits to subscribe enough shares so
that it holds more than 50% of co. after capital increase
* For link to statement: Link
Link to Company News:{OHL SM <Equity> CN <GO>}

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To contact the editor responsible for this story:
Charles Penty at +34-91-700-9654 or
cpenty@bloomberg.net