OHLA - comment

The Canalejas dispute will take time to resolve as it is before the Court of Arbitration in Paris. The sale of OHLA’s 50% stake will not happen until this impasse is fixed. Before allowing OHLA to sell, Mohari will need some payment. Mohari has a guaranteed income clause, so has little incentive to fund further capex (that it would have to part fund). It has also declined to exercise its right of first refusal on the 50% of the Canalejas Project that it does not own. 

https://cincodias.elpais.com/companias/2023-07-05/ohla-se-carga-de-argumentos-para-luchar-con-mohari-en-un-arbitraje-por-canalejas.html