The shares of OHL plummet more than 15% after losing a claim with the government of Qatar

OHL is done with two new contracts in the united States for 70 million eurosOHL reduces by 98 % its red numbers losing 15,3 millonesMetro claim to OHL 1.2 milli

The shares of OHL plummet more than 15% after losing a claim with the government of Qatar
OHL is done with two new contracts in the united States for 70 million eurosOHL reduces by 98 % its red numbers losing 15,3 millonesMetro claim to OHL 1.2 million by the breakdown that forced it to close line 2 to four months

The actions of OHL, gave more than 15% in Bag after the first two hours of the session, reaching a price of 0.88 euros per title, after discovering that the company has lost a resource that allows the executive of Qatar claim 1,134 million euros to the consortium was formed with the egyptian Orascom to build a hospital.

According to published this Thursday, "Expansion", the High Court in London has rejected the appeal of OHL and its partner Orascom on the legal termination of the contract for the Sidra Hospital . The company is facing Qatar since 2014 for the early termination of this contract.

OHL lodged an appeal against a partial award that recognized the Qatar Foundation to the completion of the contract and enabled them to claim both companies an aggregate amount of 1,134 million euros. The Spanish owns the 55% of the construction consortium, so you would have to assume the payment of about 700 million euros.

Updated Date: 03 October 2019, 12:00

ABC ES

ABC ES

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