REG - Obrascon Huarte Lain - Atizapan - Atlacomulco Agreement

Obrascon Huarte Lain SAAnnouncement

17/06/2019 07:45

RNS Number : 4407C
Obrascon Huarte Lain, S.A.
17 June 2019
 


London Stock Exchange
 
Madrid, June 17th 2019
 
 
Ref.: Notification of Significant Event: Atizapán - Atlacomulco Agreement
 
 
Dear Sirs,
 
 
The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:
 
 
SIGNIFICANT EVENT
 
 The Company and its subsidiary Constructora de Proyectos Viales de Mexico, S.A. de C.V. have subscribed with Aleatica S.A.B. of C.V. and its subsidiary Concesionaria AT-AT, S.A. de C.V. a transaction agreement whereby all their differences are resolved by mutual agreement in relation to the Engineering, Procurement and Construction Contract of the Autopista de Altas Especificaciones Atizapán - Atlacomulco, in the State of Mexico.
Through this transaction agreement, the parties resolve all their differences in relation to this contract and end the arbitrations that they had respectively initiated in support of various claims.
The effectiveness of the transaction agreement is subject to compliance with certain suspensive conditions that expire in the coming weeks.
The transaction agreement will not imply any material impact on the company's accounts and will allow the recovery of the guarantees provided by the OHL Group within the aforementioned contract.
With the execution of the aforementioned agreement, OHL completely dissociates itself from the former OHL Mexico, S.A.B. de C.V., current Aleatica, S.A.B de C.V.




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