OHLA - comment
Nothing substantial has changed; Atitlan has extended its offer to OHLA to the end of this week (12th July). We favour the more comprehensive solution offered by Atitlan. As mentioned previously, we would expect the Amodio family to favour their solution as it means they will not be diluted. The board and the banks are likely to favour the Atitlan proposal. If the Amodio proposal is adopted, we will need to see the completion of the CHUM sale, along with Canalejas and the Services business.