OHLA : When all the stars align
OHLA completed in August a debt restructuring deal that had become unavoidable after years of losses and cash burn. Positively, it went with a bond haircut of just 10% as, in parallel, shareholders, led by the Amodio family, injected € 71m of fresh equity. The need for write-off was also limited by the prospect of cashing in € 200m of disposals from noncore assets in the next two years, and possibly more with the monetisation of two crown jewels: a 50% stake in Canalejas, a 48,00...Obrascon Huarte Lain is an international concession and construction groups based in Spain. Co. maintains significant operations in 30 countries across all five continents. Co. is engaged in hospital and railway construction, transport infrastructure concessions, oil and gas, energy, solids handling and fire protection systems and international contracts. Co.'s operations are organized along four divisions: OHL Concesiones, OHL Construccion, OHL Industrial y OHL Desarrollos. Co. is also engaged in real state project developments of mixed use managed by the international hotel chains.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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