OHLA sank 9% on the Stock Exchange: will pay 40 million to Kuwait after losing an arbitration

In total, the company will have to pay guarantees of 39.8 million for the joint venture with Rizzani de Echer, according to OHLA to the National Securities Market Commission (CNMV). On the other hand, according to market sources, OHLA will also analyze the suitability of CEO Tomás Ruiz due to its legal procedures opened in Mexico. According to 'El Confidencial', the CNR, of which Elias is a part, has requested a report of suitability after sever…

The Spanish construction company OHLA closes the session of the Ibex-35 with a fall of 9.85% and losses of 60 million euros after the rodapalo suffered last Friday, March 21, when the Court of Appeal of Paris lifted the precautionary measures that prevented the State of Kuwait from making use of the guarantees worth 40 million euros of the Jamal Abdul Nasser Street road. The company accumulates losses of 120 million after falling the value of it…

The bad run continues for OHLA, the Spanish construction company based in Castellana. The company's titles have sunk around 8% on the Stock Exchange after the Paris Court of Appeal held that OHLA will have to pay a series of guarantees valued at 39.8 million euros to the State of Kuwait.The arbitration focuses on the Jamal Abdul Nasser road contract in Kuwait City, a joint venture project with the Italian firm, Rizzani de Eccher. The Court rejec…

The shares of the construction company register falls for moments close to 10% on the Stock Exchange after it is known that it will have to pay guarantees of 39.8 million euros to Kuwait for an arbitration on a contract of construction of roads in the country. Read

The council debates on the next issue of a convertible bond of 50 million euros MADRID, 24 (EUROPA PRESS) OHLA's shares fell 8% on the Stock Exchange this Monday around 11.00 hours, after it is known that it will have to pay guarantees of 39,8 million euros to Kuwait for an arbitration regarding [...] The OHLA entry falls 8% after the setback of 40 million for a litigation in Kuwait but wins new contract of 130 million appears first in Forbes Sp…