Magenta Infraestructura S.L. signed a letter agreement for a mandatory tender offer to acquire 14.15% stake in OHL México S.A.B. de C.V. (BMV:OHLMEX) for MXN 6.5 billion on March 26, 2018. Magenta will acquire 242.3 million shares for MXN 27 per share in the offer. IFM Global Infrastructure Fund and OHL Concesiones S.A., the owners of Magenta, will directly and indirectly own a 100% stake in OHL México following the successful completion of the offer. The purchase will be funded through a contribution by IFM Global Infrastructure Fund. The termination fee with respect to letter agreement is €300 million (MXN 6.7 billion) to be paid by the defaulting party. The offer is subject to certain conditions, including a minimum acceptance condition of 95% and the approval by the Board of Directors of OHL México. The Board of Directors of OHL México intends to consult the Corporate Practices Committee of OHL México and its independent expert with respect to the fairness of the offer price. The offer commenced on April 9, 2018 and will conclude on May 7, 2018. As of April 23, the deal has been approved by Board of Directors of OHL México, considering the offeror's request and the favorable opinion issued by the Corporate Practices Committee of OHL México, National Banking and Securities Commission and the independent expert. S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V. acted as depository for OHL Mexico. Casa de Bolsa Banorte, S.A. de C.V., Grupo Financiero Banorte acted as underwriter in the offer. Manuel Deo and Antonio Del Pino of Latham & Watkins acted as legal advisors for IFM Global Infrastructure Fund and OHL Concesiones. Lazard Asesores Financieros S.A. acted as valuer in the deal and served as the financial advisor to Magenta. Evercore Partners S. de R.L. acted as an independent expert for the Board of Directors of OHL México. Magenta Infraestructura S.L. terminated the mandatory tender offer to acquire 14.15% stake in OHL México S.A.B. de C.V. (BMV:OHLMEX) on May 8, 2018. The period of the acquisition tender offer expired on May 7, 2018. Given that, as a result of the offer, the number of public shares of OHL México offered and delivered as part of the offer, would not result in Magenta Infraestructura S.L. and its affiliates owning or holding, directly or indirectly, at least 95% of the OHL México shares the relevant minimum acceptance condition of the offer has not been satisfied nor waived. Following the expiration of the offer, OHL Mexico remains a publicly listed company.