Atitlan and Stoneshield give OHLA another seven days to decide whether to allow them into the capital.

More Room for OHLA Board of Directors. Industry Group Atitlanled by Roberto Centeno and Arica Rodero, and Stone ShieldThe foundation, run by Juan Pepa and Felipe Morenes, gives another seven days for the construction company to decide on its non-binding offer to take control of the company. As confirmed by the relevant OHLA fact, the non-binding offer made It will be valid until July 12 next year..

OHLA announced launch increase of capital 100 million euros most recently on June 26. Two days later, they announced that they had received two non-binding offers: one from Mexican businessman Claudio. To these figures, it should be added that the Amodio brothers, the company’s main shareholders with almost 26% of the shares, will participate in the transaction so as not to dilute their shareholding.

Later, according to information provided EconomistIt has been revealed that the group led by Centeno and Rodero had another investor involved in the operation, Stoneshield, a fund of shareholders of Neinor Homes whose activities are more focused on the real estate sector. The intention of both is to recapitalize OHLA to 150 milliontake control of it and replace its management team, currently made up mostly of Amodio’s confidantes.

The deadline for the proposal sent by Atitlán expired this Friday. However, the industry group decided to extend the deadline for its proposal for another seven days so that OHLA and its board can decide whether to accept it for processing or not. This will include a sharp decline in the value of the companyWithout going further, the company’s shares on the stock market have fallen by more than 11% in recent days, not counting the sharp drop in the price at which the transaction is expected to close.

OHLA is in a delicate situation because must face the redemption of two bonds worth 430 million euros. which expire between March 2025 and 2026. In addition, the lending bank has withheld several guarantees, which further complicates the company’s viability. In addition to the fact that the construction company has already announced one of its major upcoming investments – 25% of the Montreal hospital to KKR, it will have to face the sale of Canalejas in Madrid to find itself in a more comfortable situation.