OHLA - comment

OHLA has got its €50m Rights Issue away, whilst our analysis shows the company already had the cash to pay the Kuwait judgement, it now holds an enhanced buffer. Governance at OHLA has been very poor since the 2021 restructuring, and with the Amodio family and allies in charge, it isn’t going to get better. The expected growth in the concessions business could see botched infrastructure projects recycled into the Concessions division, as happened in the past. However, that is a worry for the future.

https://www.cnmv.es/webservices/verdocumento/ver?t=%7b0f1e6c16-b09c-4473-b560-184207ab2f60%7d