Brief: OHLA Says JV Liable To Pay Qatar Foundation Net Amount Equivalent To 24.3 Mln Euros
02/07/2025 06:36
July 2 (Reuters) - Obrascon Huarte Lain SA OHLA.MC: SAID ON TUESDAY ARBITRAL RESOLUTION DECLARES JV OHLA-CONTRACK CYPRUS LIMITED LIABLE TO PAY QATAR FOUNDATION NET AMOUNT EQUIVALENT TO 24.3 MILLION EUROS ARISING FROM HOSPITAL DE SIDRA CONTRACT ARBITRAL RESOLUTION PENDING SOLELY DECISION ON ARBITRATION COSTS AND INTEREST BEFORE OCTOBER 31 JV HOLDS 40 MILLION EUROS IN CASH, SUFFICIENT TO MEET OBLIGATIONS ARISING FROM ARBITRATION RESOLUTION AWARD HAS NO NEGATIVE IMPACT ON OHLA'S FINANCIAL STATEMENTS Source text: nCNMbttWcK nL8N3NS04E Further company coverage: OHLA.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))