Amodio completed the acquisition of a 25% stake in OHL from Villar-Mir for €75m.

Amodio Group completed the acquisition of a 25% stake in Obrascon Huarte Lain, a construction and engineering company, from Tyrus Capital and Villar-Mir, whichthrough its subsidiaries, focuses on fertilizers, alloy manufacturing, construction, real estate, energy, concrete manufacturing, for €75m ($81.7m). The Spanish construction company is once again in the eye of the hurricane after the operations it had channelled to save its financial troubles have been blown up. The company has stopped the merger with the Mexican group Caabsa and has not been able to execute the sales of its two real estate gems, the Canalejas luxury building, next to Puerta del Sol, and the War Office in London. For this reason, the construction group is going to propose to the creditors a refinancing that will entail a partial swap of debt for equity, while the banking system has required the departure of the Villar Mir family to continue financing the company.