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Obrascon Huarte Lain SA (OHL.MC)

OHL.MC on Madrid SE C.A.T.S.

3.52EUR
23 May 2017
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Latest Key Developments (Source: Significant Developments)

OHL sells additional 29 pct of share capital of Mayakoba Hotels
Friday, 19 May 2017 02:32am EDT 

May 19 (Reuters) - OBRASCON HUARTE LAIN SA ::SELLS ADDITIONAL 29 PERCENT OF THE SHARE CAPITAL OF THE MAYAKOBA HOTELS.SAYS OHL DESARROLLOS RECEIVED 49 MILLION EUROS AND THERE IS ADDITIONAL AMOUNT PENDING PAYMENT OF 1.1 MILLION EUROS.  Full Article

OHL wins new contracts in USA worth over 176 mln euros
Thursday, 18 May 2017 06:25am EDT 

May 18 (Reuters) - OBRASCON HUARTE LAIN SA (OHL) ::SAYS WINS NEW CONTRACTS IN USA WORTH OVER 176 MILLION EUROS.  Full Article

OHL Q1 net profit falls 66.5 pct to 8.3 mln euros
Thursday, 11 May 2017 02:45am EDT 

May 11 (Reuters) - OBRASCON HUARTE LAIN SA ::Q1 NET PROFIT 8.3 MILLION EUROS VERSUS 24.8 MILLION EUROS YEAR AGO.Q1 EBITDA 324.0 MILLION EUROS VERSUS 264.1 MILLION EUROS YEAR AGO.Q1 SALES 886.8 MILLION VERSUS 956.7 MILLION EUROS YEAR AGO.ORDER BOOK 73.54 BILLION EUROS AT END-MARCH VERSUS 82.35 BILLION EUROS AT END-DEC 2016.  Full Article

OHL estimates 34.2 mln euros in costs of collective redundancy procedure
Friday, 5 May 2017 01:26am EDT 

May 5 (Reuters) - Obrascon Huarte Lain SA (OHL) ::Said on Thursday that workers of OHL and its unit OHL Industrial have ratified the agreement made with the negotiation board of each company, implying cancellation of 457 posts of work (335 in OHL and 122 in OHL Industrial).Job cuts to be carried out in the following months .The total estimated costs for the group will be 34.2 million euros ($37.6 million) and will depend on the number of workers who adhere voluntarily.  Full Article

OHL to reduce number of jobs affected in collective redundancy procedure - Union
Thursday, 4 May 2017 10:02am EDT 

May 4 (Reuters) - CCOO de Construccion y Servicios::Says OHL's employees ratified a collective redundancy agreement.The number of workers affected is reduced to 335 from 404; 36 workers will possibly be relocated.  Full Article

OHL renews Euro Commercial Paper program for up to 500 mln euros
Thursday, 4 May 2017 01:42am EDT 

May 4 (Reuters) - Obrascon Huarte Lain SA ::Said on Wednesday that it had proceeded to the yearly renewal of its Euro Commercial Paper program (ECP) with the Irish Stock Exchange (ISE) .Under the program the company may issue short-term notes (with maturity between 1 and 364 days) for a maximum amount of up to 500 million euros ($545 million).  Full Article

OHL says to cut 554 jobs
Tuesday, 2 May 2017 01:33am EDT 

May 2 (Reuters) - Obrascon Huarte Lain SA ::Said on Saturday that the collective layoff proceedings would affect 554 jobs: 404 jobs in OHL and 150 jobs in its unit OHL Industrial SLU.The proceedings were established within the framework of agreed cost reduction measures to improve the group's economic situation and its viability.Following the negotiations held by the workers' representatives on April 28, an agreement was reached pending ratification by the assembly of workers of each company.  Full Article

OHL wins excavation and leveling contract at Chicago's O'Hare airport
Thursday, 27 Apr 2017 07:07am EDT 

April 27 (Reuters) - Obrascon Huarte Lain SA ::Says that through its unit, Judlau Contracting, it has won a contract at Chicago-O'Hare International airport for 43 million euros ($46.9 million).The contract includes activities of excavation and leveling of the new zone to defrost aircraft .  Full Article

OHL closes sale of 51 pct stake in Mayakoba hotels and El Camaleon golf course
Tuesday, 25 Apr 2017 11:50am EDT 

April 25 (Reuters) - Obrascon Huarte Lain SA ::Says its unit Obrascon Huarte Lain Desarrollos SL has closed sale of a 51 percent stake in the companies holding Mayakoba hotels and El Camaleon golf course to RLH Properties SAB de CV .Sale generates cash amount of $149.9 million and estimated capital gains, including value of unsold stake, amounts to $17.9 million.Says sold stake may be increased up to a maximum of 80 percent of companies owning Rosewood Mayakoba and Fairmont Mayakoba hotels, which would mean an estimated additional $55.8 million cash.  Full Article

OHL says not aware of divestment process involving assets of OHL Mexico
Thursday, 20 Apr 2017 07:44am EDT 

April 20 (Reuters) - Obrascon Huarte Lain SA (OHL) ::Says acknowledges relevant event filed yesterday by OHL Mexico SAB de CV <<>>, a company of which OHL indirectly owns a 56 percent stake, in which it informs that maintains the asset rotation policy in place.Says it is currently not aware of any divestment process involving assets held by OHL Mexico SAB de CV.  Full Article

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BRIEF-OHL closes sale of 51 pct stake in Mayakoba hotels and El Camaleon golf course

* Says its unit Obrascon Huarte Lain Desarrollos SL has closed sale of a 51 percent stake in the companies holding Mayakoba hotels and El Camaleon golf course to RLH Properties SAB de CV