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Obrascon Huarte Lain (50ML)

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Thursday 12 May, 2011

Obrascon Huarte Lain

Polish Acquisition Negotiation

RNS Number : 4590G
Obrascon Huarte Lain, S.A.
12 May 2011
 



London Stock Exchange

 

Madrid, May 12th 2011

 

 

Ref.: Notification of Significant Event: Negotiations for the acquisition of a majority stake in the Polish companies OHL Hydrobudowa Polska S.A. and ApriviaS.A.

 

 

Dear Sirs,

 

 

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, reports the following significant event:

 

In reference to the significant events reported on September 20 and December 29, 2010, in connection with the above mentioned transaction, OHL informs that these negotiations with PBGS.A. (majority shareholder of the companies Hydrobudowa Polska S.A. and Aprivia, S.A.) to acquire a majority stake in both companies have been suspended.

 

The negotiations have been suspended by mutual agreement between PBG and OHL, due to the evolution in the last couple of months of the value of both companies to be acquired. Both sides have expressed their interest to resume negotiations once both companies have regained a value similar to the one taken into consideration at the beginning of the negotiations.

 

 

Yours faithfully,

 

 

José María del Cuvillo Pemán
Vice-Secretary of the Board of Directors
 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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