OHLA - comment
OHLA needs to sell its 50% stake in Canalejas, and any blocking by its partner in the project is negative. Our valuation on the stake is around €200m. OHLA has obtained a liquidity line of €40m (according to the same report), which suggests that no sale is imminent. OHLA is also expecting to further bolster liquidity by selling its Services business for €100m - €120m.