OHL tried to merge with ACS’s affiliate Dragados in 2016 - reported rumour (translated)
Obracon Huarte Lain, OHL, [BME.OHL] tried to negotiate a merger with ACS's [BME:ACS] subsidiary Dragados in 2016, when Villar Mir was president of OHL, El Confidencial reported.
The negotiations included a capital increase and a genarational relay. ACS CEO and executive arm of Florentino Pérez Marcelino Fernández Verdes analysed the possible transaction, but the accounts did not come out for any of the potential partners, the item said.
According to the report, Villar Mir had remote hope that ACS President Florentino Perez would answer his knock on the door for help since, in ACS's worst moments, when its assault on Iberdrola put the company's financial stability in check, the white knight had been OHL, El Confidencial added.
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