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Ohla Raises 10.2% in Stock Market After Avoiding an Award with a Positive Result of 15 Million Euros
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9 Articles
Ohla Raises 10.2% in Stock Market After Avoiding an Award with a Positive Result of 15 Million Euros
OHLA's shares have skyrocketed this Wednesday, July 2, to raise 10.2% on the stock market.All this has occurred after it was known that OHLA has been rid of a large arbitral award that claimed €950 million for a joint venture of which it was part of for works in Qatar, but that it has finally settled with a positive impact of 15 million euros on the accounts of the Spanish company.In particular, its shares were shot at 0.335 euros per title arou…
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Ohla Saves His Last Big Court Match Ball and Will only Pay $24.3 Million in the Cider Hospital Award
OHLA has managed to save one of its major party points, the award of the Sidra Hospital in Doha. The International Chamber of Commerce has condemned the consortium formed by the Spanish builder (55%) and the Egyptian Contrack Cyprus (45%) to pay Qatar Fondathion a total of 24.3 million euros at the current exchange rate, compared to the 958.3 million that the Qatari foundation originally claimed, after dismissing most of its claims.
After more than ten years of conflict and a mountain of millions of figures on the table, the Spanish construction company OHLA has come out almost unscathed from the international arbitration it maintained with Qatar Foundation for the failed project of the Hospital de Sidra in Doha. Of the 958.3 million euros claimed by the Qatari foundation, the final resolution has left the bill in just 24.3 million. The case, which has been resolved by the …
After covering the obligation derived from it, the net positive result for the company would amount to 15 million euros. More information: José Elias' plan crashes in OHLA: chronicle of a failed crusade against the Amodius in five acts
MADRID, 1 (EUROPA PRESS) OHLA will have to pay €24.3 million to Qatar Foundation for the construction of the Cider Hospital in Doha (Qatar), according to the company's report to the National Securities Market Commission (CNMV). This is what the International Chamber of Commerce has decided in a ruling where it would remain [...] The OHLA entrance will pay €24.3 million to Qatar Foundation for the construction of the Cider Hospital in Doha appear…
OHLA has managed to close with remarkable success the pending lawsuits inherited from the previous stage under the baton of the Villar Mir family. Among those multimillionaire litigations...
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