OHLA successfully completes a 150-million-euro capital increase process
October 22, 2024
OHLA’s Extraordinary General Shareholders’ Meeting today approved the five items on its agenda. These include those related to the capital increase of up to 150 million euros aimed at strengthening the company from a financial and operational perspective.
The shareholders approved a first capital increase without pre-emptive subscription rights for EUR 70 million and a second subsequent capital increase with subscription rights for EUR 80 million.
In this transaction, led by OHLA’s main shareholders, brothers Luis and Mauricio Amodio, the company has received binding investment commitments from Inmobiliaria Coapa Larca (owned by businessman Andres Holzer) and Excelsior Times (a group led by businessman José Elías).
In addition, during the Meeting, the shareholders approved the appointment of Mr. Tomás Ruiz González as executive director of the company and the increase in the size of the Board of Directors to 10 members.
A strengthened company
Mr. Luis Amodio, Chairman of the Board of Directors, emphasized that this transaction successfully culminates a process of operational and financial strengthening that the company undertook in 2021 and that has been reflected in an increase in order intake and backlog, an improvement in EBITDA and a reduction in financial leverage”.
He also highlighted the agreements reached with the banks and bondholders of reference, which will enable the company to meet its growth and sustainability objectives. In his speech, he pointed out that “OHLA emerges strengthened with greater resources that will allow it to address the ambitious future challenges it has set for itself”.