OHL Mexico S.A.B de C.V. (“OHL Mexico” or “the Company”) (BMV: OHLMEX), hereby informs to the general investing public that, pursuant to the Relevant Event published on April 9, 2018 regarding the launch of an all cash tender offer through the Mexican Stock Exchange to acquire up to 100% of the publicly held shares in OHL Mexico (“the Offer”) and in accordance with what is stipulated in article 101 of Securities Market Law, that:
The Board of Directors of OHL Mexico, by resolution of its independent members, has opined that the offer price is reasonable from a financial point of view, taking into consideration both the opinion issued by the independent expert, Evercore Partners, S. de R.L. (“Evercore”), and the opinion of the Corporate Practices Committee of OHL Mexico.
Evercore issued an opinion that the offer price is reasonable from a financial point of view. This opinion is exclusively addressed to the Board of Directors of OHL Mexico and is not a recommendation to any of OHL Mexico’s shareholders whether to participate in the offer.
As stated in the opinion issued by the Board of Directors of OHL Mexico, certain members of the Board of Directors and CEO, who are Related Persons (as such term is defined in the Securities Market Law) of the Offeror, abstained from participating in the OHL Mexico Board meeting in which it was resolved whether the acquisition price is reasonable from a financial point of view. The independent members of the Board of Directors that determined the acquisition price to be reasonable from a financial point of view, have no conflicts of interest with respect to the Offer.
The opinions of the independent expert and of OHL Mexico’s Board of Directors are announced in accordance with article 101 of Securities Market Law.
About OHL México
OHL Mexico is positioned as a relevant transport infrastructure operator in the industry within the metropolitan area of Mexico City, both for the number of concessions awarded and the miles of highways under management. Currently, OHL Mexico builds, manages, operates and maintains 7 toll roads and one airport. The highway and related infrastructure concessions are located in urban areas with high vehicular traffic in Mexico City, Mexico State and the State of Puebla, that are home to 27.22% of the nation’s population and in 2015 generated 29.23% of GDP and accounted for 34.39% of the total number of vehicles in Mexico (12.02 million (Mexico City 4.7 million, State of Mexico 5.9 million, and Puebla 1.4 million)). In the airport sector, OHL Mexico participates in the integral management of the second largest airport serving the Mexico City metropolitan area
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