July 25, 2021

The construction company OHL collapses 13.32% in the stock market

The construction company OHL collapses 13.32% in the stock market



Construction contractor OHL has fallen 13.32% on the Spanish Stock Exchange and has led the biggest drop in the Continuous Market in the session this Friday, which started at 1.6365 euros per share and closed at 1.4185.

The fall so far this year of the OHL titles reaches 68.09%.

The National Commission of Markets and Competition (CNMC) announced yesterday, Thursday, the initiation of a disciplinary action against OHL and six other large construction companies (Acciona, Corsán-Corviam, Dragados -ACS-, FCC, Ferrovial and Sacyr ) for allegedly rigging their participation in public tenders for the construction and rehabilitation of infrastructure and buildings.

The day before yesterday, the OHL group announced the sale to Operadora Lakanhn, belonging to BK Partners, of the shares in companies, land and rights of Ciudad Mayakoba, in Mexico, for close to 97 million euros.

On September 26, OHL announced losses of 843.6 million euros in the first half of the year and the following day, the 27th, fell 14.95% in the stock market.

To the sanctioning record, divestments and bad results are added to the stock market crash, supposedly bearish attacks against the value of OHL shares.

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