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Obrascon Huarte Lain SA (OHL.MC)

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

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Latest Key Developments (Source: Significant Developments)

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

OHL and Astaldi win contract in US for 1.20 bln euros
Friday, 3 Feb 2017 05:44am EST 

Obrascon Huarte Lain SA : Says it has been awarded a contract for 1.20 billion euros ($1.29 billion) by Orange County Transportation Authority (OCTA) in the United States . Says the contract will be carried out in a consortium with Astaldi, with OHL holding 60 percent and Astaldi holding 40 percent . The contract involves improvement of Interstate 405 (I-405)highway in California Further company coverage: [OHL.MC] ($1 = 0.9311 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

OHL to place 1.84 percent of Abertis shares in accelerated bookbuilt offer
Monday, 23 Jan 2017 11:43am EST 

Obrascon Huarte Lain SA : OHL to place 1.84 percent shares of Abertis in accelerated bookbuilt offer . UBS Limited to act as sole global coordinator, Merrill Lynch, JP Morgan to act as joint bookrunners in the placement .To sell additional stake of 0.66 percent of Abertis to UBS, BofA Merrill Lynch and JP Morgan.  Full Article

OHL to build cement production plant in Colombia for 225 mln euros
Wednesday, 11 Jan 2017 04:57am EST 

Obrascon Huarte Lain SA :OHL Industrial has been awarded a contract by Ecocementos to build a cement production plant in Colombia for an amount of 224.6 million euros ($236.6 million).  Full Article

OHL agrees with Turkish government to modify Marmaray contract
Monday, 21 Nov 2016 12:32pm EST 

Obrascon Huarte Lain SA : Signs modification of Marmaray contract, as proposed by the Turkish government . Under the contract modification, the execution of works has been extended till Dec. 31, 2018 .Says three Turkish construction companies to enter the contract as subcontractors.  Full Article

Spain's OHL says considering sale of Red Vial 4 project in Peru
Monday, 14 Nov 2016 12:03pm EST 

Obrascon Huarte Lain SA : CEO Tomas Garcia Madrid says OHL is considering the sale of its Red Vial 4 motorway in Peru .Says sale would take place in first quarter of 2017.  Full Article

More From Around the Web

BRIEF-Court opens liquidation phase of Cemonasa, OHL unit

* 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) Source text for Eikon: