Pérez-Llorca advises on Ohla’s €150 million capital increase

The global infrastructure group, Ohla, announced today during its Extraordinary General Shareholders’ Meeting, the capital increase of up to 150 million euros that aims to strengthen the company from a financial and operational perspective and refinance its debt through the repayment of 180 million euros.

The shareholders have approved a first share capital increase without pre-emptive subscription rights for 70 million euros and a second subsequent share capital increase with subscription rights for 80 million euros.

In this transaction, led by Ohla’s main shareholders, brothers Luis and Mauricio Amodio, the company has received binding investment commitments from Inmobiliaria Coapa Larca (owned by businessman Andrés Holzer) and Excelsior Times (a group led by businessman José Elías).

In addition, during the meeting, the shareholders approved the appointment of Mr. Tomás Ruiz González as executive director of the company and the increase in the size of the Board of Directors to 10 members.

The Pérez-Llorca team has advised Ohla and has been formed by Iván Delgado (corporate partner), Yolanda Azanza (finance partner), Nasif Hamed (corporate partner), Isabel Villa (finance counsel), Francisco León (corporate counsel), Ángel Martín (corporate lawyer), Carlos Mercadal (corporate lawyer), Cristina Aguilar (corporate lawyer) and Darío González-Campos (corporate lawyer).