OHL Mexico share buybacks on hold until after probe - executive
MEXICO CITY, June 2 (Reuters) - Embattled construction firm OHL Mexico cannot activate a share repurchase program until probes into corruption allegations are complete, a company executive said on a conference call on Tuesday.
Shares in the company have been hurt by a recent series of leaked recordings of individuals, alleged to be OHL Mexico officials, discussing overcharging for public works and making a hotel payment for a state government official.
The executive added that the company would wait for the results of audit before continuing ongoing negotiations of various concessions.
(Reporting by Cyntia Barrera and Tomas Sarmiento)
© Thomson Reuters 2017 All rights reserved.