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Obrascon Huarte Lain SA (OHL.MC)

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

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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

Workers representatives and union oppose collective redundancy procedure of OHL - Union
Friday, 31 Mar 2017 06:00am EDT 

CCOO de Construcción y Servicios: Says OHL has began today the consultation period for a collective redundancy procedure which should affect 404 workers who account for 28 pct of the company's staff . Says workers representatives and unions oppose the collective redundancy procedure Further company coverage: [OHL.MC] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

OHL announces new syndicated financing of 746.6 mln euros
Friday, 31 Mar 2017 02:30am EDT 

Obrascon Huarte Lain SA (OHL) : Says entered into new multiproduct syndicated facilities agreement for an aggregate maximum amount of 746.6 million euros ($797.6 million) with Banco de Sabadell, Banco Popular Espanol, Banco Santander, Bankia, CaixaBank, Credit Agricole Corporate and Investment Bank (Branch in Spain) and Societe Generale (Branch in Spain) . Says the new agreement amends and replaces in its entirety the agreement dated Dec. 30, 2016 .Says agreement has a validity of 18 months.  Full Article

OHL unit wins 40 mln euro deal in US
Friday, 24 Mar 2017 05:02am EDT 

Obrascon Huarte Lain SA :Says via its unit OHL Arellano, it has been awarded a deal to build innovation center at Miami Dade College in the US for 40 million euros ($43.2 million).  Full Article

Court opens liquidation phase of Cemonasa, OHL unit
Thursday, 16 Mar 2017 03:31am EDT 

Obrascon Huarte Lain SA :The Commercial Court no. 1 in Madrid agreed on opening of liquidation phase under insolvency proceedings of OHL wholly owned unit, Cercanias Mostoles Navalcarnero SA (Cemonasa).  Full Article

OHL not to pay dividend for 2016
Monday, 13 Mar 2017 11:59am EDT 

Obrascon Huarte Lain SA : In response to media report says that it expects CAGR in consolidated sales to be slightly below 10 percent in 2017-2020 . In 2017 expects sales in construction of about 3.50 billion euros ($3.73 billion), consolidated net profit of at least 100 million euros . Plans to implement measures allowing it to obtain reduction of structural costs of between 30 million euros and 40 million euros . As a final result of restructuring process, it expects the activity of its industrial division to be reduced to about one-third of its current size .Says does not expect to pay dividends from results of FY 2016.  Full Article

Spain's OHL books net loss of 432 million euros in 2016
Tuesday, 28 Feb 2017 02:30am EST 

Spain's OHL : Says books net loss of 432.3 million euros ($458 million) in 2016 compared to a 55.6 million euros profit in 2015 . Says earnings before interest, tax, depreciation and amortization (EBITDA) were 77 percent down to 223 million euros, while revenues fell 11.6 percent to 3.86 billion euros in 2016 . Says total net debt fell 27.4 percent to 2.91 billion euros at end-December Further company coverage: [OHL.MC] ($1 = 0.9441 euros) (Reporting By Madrid Newsroom) ((jesus.aguado@thomsonreuters.com;)).  Full Article

OHL and Villar Mir sell 50 pct of Centro Canalejas Madrid for 225 million euros
Thursday, 9 Feb 2017 02:01am EST 

Obrascon Huarte Lain : Says its unit Obrascon Huarte Laín Desarrollos SL and Grupo Villar Mir have reached an agreement to sell 50 percent of Centro Canalejas Madrid SL for 225 million euros ($240.2 million) to Mohari Limited . Says its unit to obtain 78.8 million euros for the 17.5 percent stake of Centro Canalejas Madrid SL that was sold . Says operation to generate capital gains of about 29 million euros .  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