OHLA - comment

A small positive for the bonds, but we have heard of sale plans for Canalejas for a long time. We take some comfort from Luis Amodio’s comment that he wants to move OHLA away from mega development projects. The book value is stated at >€200m, but as we pointed out in February, there is €55m of debt attached to the property that OHLA needs to refinance. The €145m of cash would be a significant boost to liquidity, although the banks will continue to keep OHLA on a tight leash.

https://www.elmundo.es/economia/2026/05/27/6a170dd621efa0240c8b459e.html