Deutsche Bank increases its stake in OHLA to 3.5%

Aug. 19 () –

DWS Investment, manager of the German bank Deutsche Bank, has increased its participation in the capital of OHLA to 3.556%, from 1.865%, according to the records of the National Securities Market Commission (CNMV).

In recent weeks, the manager has made several movements in its OHLA holding. On July 29, she reduced her presence to 2.636%, only to increase it again on August 1 to 3.290%. On August 5, it reduced the percentage again to 2.999%, while on August 9 it raised it to 3.045% to cut the participation again to 1.865% on August 10.

Three days later, DWS Investment is back up to 3.556%. Its presence materializes in a package of 21 million shares acquired indirectly, which at current market prices of 0.597 euros, is equivalent to a total amount of 12.5 million euros.

After the Amodio family, which controls 25.9% of the company, the Sand Grove fund is the second largest shareholder, with 15.5% of the capital, followed by Inmobiliaria Espacio (Villar Mir family), with 7%; Goldman Sachs (6.3%), and Deutsche Bank (3.5%).

In the first half of the year, OHLA obtained a negative attributable net result of 60.7 million euros, compared to the profit of 75 million euros recorded in the same period last year, which is explained by extraordinary elements, although it achieved a positive evolution of the business, with an increase of 10.7% in sales, which reached 1,452 million euros.

On the other hand, last week OHLA announced the completion and delivery of works carried out in Norway worth 290 million euros, which consisted of the construction of a train station and a new 3.5-kilometre track layout. length that will allow high-speed connection to the Scandinavian country with the European continent.