OHLA

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Consortium led by OHLA wins contract to build new hospital in Malaga, with €500 million investment

Link Securities | A consortium led by OHLA (OHLA) and including Andalusian companies Sando and Valterra is the virtual winner of the contract to build the new Malaga Hospital and the concession contract for the new car parks associated with the health centre, according to a report in Expansión on Wednesday. The project involves an investment of more than €500 million, making it one of the largest in Spain this…


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Fitch reinstates coverage of OHLA with B- rating, highlighting improvement in financial structure

Intermoney | OHLA (OHLA) (Buy, Target Price €0.7/share) announced on Monday, after the market closed, that the rating agency Fitch has reinstated its coverage of the stock, assigning it a rating of B-. According to Europa Press, the agency highlights an improvement in the financial structure of the company, which has achieved a reduction in its debt, as well as an extension of the maturities of the remaining debt, a…


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OHLA wins two projects in Florida worth over $550 million

Link Securities | OHLA (OHLA), through OHLA USA, its subsidiary in the United States, has been awarded two projects in Florida worth more than $550 million, thereby strengthening its solid presence in the state’s infrastructure sector. The first, awarded by Miami-Dade County, commissions OHLA USA to execute Phase I services of the North Retaining Wall Relocation Programme at Piers 1–6 of the Port of Miami. This critical infrastructure initiative will…


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OHLA completes recapitalisation after finalising capital increase of €80 million

Link Securities | OHLA (OHLA) updated the National Securities Market Commission (CNMV) with information regarding the recapitalisation process of OHLA and its subsidiaries, which includes the modification of the terms and conditions of the senior secured bond issue of OHL Operaciones, S.A.U. EUR €487,266,804 Split Coupon Senior Secured Notes due 2026 (of which €440,405,980.55 in principal is outstanding) (ISIN: XS2356570239 / XS2356571120), the partial amortisation of the Bonds and the…


OHLA

OHLA completes capital increase with rights for €150 million

Intermoney | Last Friday, with the market open, OHLA (OHLA) (Hold, Target Price under review) informed the National Securities Market Commission (CNMV) of the result of the capital increase with rights, of up to 320 million shares at $0.25 each, in which these had been trading on the stock exchange between 13 and 27 January. Finally, a total of 315,481,376 new shares were subscribed in this pre-emptive subscription period, representing…


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OHLA capital increase approved by 90% of bondholders

Link Securities | In connection with the Consent Solicitation process addressed to the holders of the Senior Secured Notes issue (€487,266,804 Split Coupon Senior Secured Notes due 2026) of OHL Operaciones, S.A.U. (the Issuer) (ISIN: XS2356570239 / XS2356571120) for the approval of the agreements contained in the consent solicitation memorandum published by the Issuer on 2 December 2024, OHLA (OHLA) informed that on Monday the Consent Solicitation process has been…


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More than 93% of OHLA debt bondholders support recapitalisation plan

Alphavalue / Divacons | The construction company received the backing of more than 93% of its debt bondholders to implement the group’s recapitalisation plan, which aims to improve its financial situation, ensure the sustainability of its debt by progressively reducing its indebtedness and strengthen its capital structure. The construction company informed the Spanish National Securities Market Commission (CNMV) yesterday that, with this level of adhesions, it has ‘sufficient majority’ to…


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OHLA wins two new contracts in US valued at around €330m

Link Securities | The company has been awarded, through its subsidiaries OHLA Building and OHLA USA, two new projects in the US for a combined value of $350 million (about €330 million), according to the portal Bolsamania.com. The largest contract, valued at $228 million (around €214 million) and awarded to OHLA Building, includes the design and construction of new facilities for the correctional and rehabilitation centre in Miami-Dade County, Florida.


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OHLA wins €140 million project in Brazil

According to press reports, OHLA has been awarded in consortium the execution of lot 3 of the Salvador de Bahia tramway between Aguas Bravas and Piata (construction of a 10.5 km section, 8 surface stations, an interchange station and a viaduct) for €140 million. Assessment: Positive news with limited impact. This contract represents ~2% of the Construction project portfolio.


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OHLA delivers first four stations of Miami-Dade County Rapid Transit Corridor

Link Securities | OHLA (OHLA) announced on Tuesday that, through its subsidiary OHLA USA, it has completed an important milestone in the South Corridor Bus Rapid Transit (BRT) project in Florida (United States), with the delivery of the first four BRT stations of this corridor of more than 32 kilometres in length, exclusively for buses. The objective of the contract, valued at €325.9 million and awarded by the Miami-Dade County…