OHLA soars 17% as it advances in its recapitalization plan

MADRID Dec. 27 () –

OHLA shares soared this Friday by nearly 17% on the stock market, after the company continues to advance in its recapitalization plan and has already secured 50% of the funds from its second capital increase of 80 million euros.

Specifically, the construction company’s shares were trading at 0.396 euros at market close, which represents a revaluation of 16.93%, as well as reaching highs from six months ago.

The company announced last Friday that it has already received sufficient investment commitments to cover 50% of the amount of its next increase of 80 million euros, that is, up to 40 million euros, after finding new investors to support its recapitalization plan. .

Added to the first capital increase of 70 million euros already executed, the insured funds now amount to 110 million euros out of a total of 150 million euros that the company is seeking to fulfill its recapitalization plan, that is, the 73% of the total.

In a statement to the National Securities Market Commission (CNMV), the construction company explained that the placement entities of the expansions, Santander, Bestinver and Alantra, have already signed an agreement with new investors to subscribe 6 million euros in the next expansion .

For their part, the new investors who already entered the first expansion of 70 million (José Elías Navarro, José Eulalio Poza, Inveready and Coenersol), will add another 5 million in the second.

Likewise, the current main shareholders, the Mexican Amodio brothers, will subscribe 26 million euros.

All of this adds up to 37 million euros, to which 3 million remain to be added from the contingent tranche allocated to the company’s employees, thus reaching the 40 million euros already committed.