Latest news with #OHLA
Business Post
09-07-2025
- Business
- Business Post
JJ Rhatigan and Spanish firm launch legal battle against Department of Housing
Galway developer JJ Rhatigan and Spanish construction firm Obrascon Huarte Lain (OHLA ) have launched legal proceedings against housing minister James Browne and Dublin City ...
Yahoo
30-04-2025
- Automotive
- Yahoo
Broward readies for Sawgrass Expressway expansion to I-95
Vital steps are being taken this year in the eventual expansion of the Sawgrass Expressway from its current end at Florida's Turnpike to Interstate 95. The expansion would make trips easier for thousands of drivers who commute through the area in Deerfield Beach each day. The Spanish design and development firm OHLA recently announced it was starting the planning phase of the long-discussed project funded by the Florida Department of Transportation. And the Broward County Commission is scheduled next week to make some necessary decisions about the revamp, pertaining to canal improvements and drainage installation along Southwest 10th Street in Deerfield Beach. Talk about enhancing the connection between the Sawgrass and I-95 has long been circulating among local and state government officials. In 2018, then-Gov. Rick Scott backed the notion as a method of easing congestion. And in 2023, Gov. Ron DeSantis pitched a multibillion-dollar proposal to speed the completion of 20 highway projects in Florida — including the Sawgrass Expressway expansion. Through the years, some Deerfield Beach neighbors raised concerns about the proposed changes. Still, the plan got a warmer reception several years ago during some transit-oriented presentations. Residents of Coral Springs and Parkland who work in Fort Lauderdale currently exit the Sawgrass and proceed along Southwest 10th Street, often being forced to stop at traffic lights on Powerline Road, Military Trail and the overpass at Interstate 95. The changes also would make evacuation easier for those leaving the area ahead of hurricanes. The state Department of Transportation published on its website a preliminary project schedule, which estimated a construction phase could start this year and potentially run through 2032. Rafael Olmeda can be reached at rolmeda@ or 954-356-4457. Follow him on
Zawya
29-04-2025
- Business
- Zawya
OHLA back for $57mln after Kuwait ruling
Spanish construction company OHLA is back in the market with a €50m capital increase sooner than most expected following the verdict of a legal case. OHLA completed an €80m rights issue in January with 98.59% take-up as part of a wider recapitalisation to reduce leverage. The company is part of a joint venture involved in the construction of Jamal Abdul Nasset Street in Kuwait that had been subject to arbitration and a Paris court has now unblocked guarantee payments, including €39.8m from OHLA. OHLA said the payment will breach conditions of its minimum balance that were part of the recapitalisation, hence another capital increase. On offer are 192.3m shares on a 16-for-99 basis at €0.26 per share. Approximately €20m is guaranteed by chairman Luis Fernando Martin Amodio Herrera, vice chairman Julio Mauricio Martin Amodio Herrera and Inmobiliaria Coapa Larca. The Amodio shareholders will subscribe pro rata to their 21.6% shareholding and have committed up to €15m, with 8.4% shareholder Inmobiliaria Coapa Larca guaranteeing up to €5m. Inmobiliaria Coapa Larca is owned by Mexican businessman Andres Holzer. OHLA said that those commitments could allow for the release of up to €15m from its agreed facilities. All three have provided guarantees for previous fundraisings. The shares go ex rights on April 29 and the record date is April 30, and subscription and rights trading runs until May 12. Any unsubscribed shares will be offered in a rump placing on May 16, with provision for any unsubscribed shares to be sold on May 19. OHLA shares closed down 1.1% at €0.3255 on Monday. Bestinver is managing the capital raise.
