Obrascón Huarte Lain S A : OBRASCON HUARTE LAIN = OHL - Inside Information Agreement reached by the Company and GVM about Pacadar debt
December 29, 2020 at 09:55 am
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OBRASCON HUARTE LAIN, S.A. ('OHL' or the 'Company'), pursuant to article 226 of the consolidated text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October hereby notifies the Spanish National Securities Market Commission (Comision Nacional del Mercado de Valores) ('CNMV') the following.
INSIDE INFORMATION NOTICE
Following the communication of inside information number 616 in relation to the agreement reached by the Company and Grupo Villar Mir, S.A.U. ('GVM'), the Company informs that such agreement has been formalised by virtue of an agreement of delivery in payment (dacion en pago) and acknowledgement of debt entered into yesterday night between the Company, GVM and Inmobiliaria Espacio, S.A.U. which key terms were communicated to the market in the abovementioned communication of inside information (the 'Agreement'). The completion of the transactions foreseen in the Agreement, which shall take place before 20 February 2021, is subject to obtaining certain authorisations including the waiver from the financial creditors of the Company.
Obrascon Huarte Lain SA (OHL) is a Spain-based company engaged in the construction and engineering sectors. Its activities are structured into three segments: Concessions, Engineering and construction, as well as Development. The Concessions division focuses on the promotion, development and management of a range of transportation infrastructure, such as highways, railways, airports and ports. The Engineering and construction division comprises three business lines: Construction, which is responsible for building civil infrastructure; Industrial, which is involved in the construction, maintenance and operation of industrial plants, and Services, which includes cleaning and maintenance of buildings and public roads, waste management and green area conservation. The Development division promotes and manages tourist resorts and commercial centers. The Company, through its subsidiaries, is present in the Americas, Europe, Asia, Africa and Oceania. It is controlled by Grupo Villar Mir SAU.
OBRASCÓN HUARTE LAIN, S.A. 
