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Torpol Consortium Signs Settlement Regarding Lodz Fabryczna Project

By Reuters News

Oct 28 (Reuters) - Torpol SA TOR.WA:

  • SAID ON TUESDAY COMPANY, WEBUILD, INTERCOR AND PRZEDSIĘBIORSTWEM BUDOWY DRÓG I MOSTÓW (CONSORTIUM) HAVE SIGNED COURT SETTLEMENT WITH PKP PLK, CITY OF LODZ AND PKP REGARDING LODZ FABRYCZNA PROJECT

  • UNDER SETTLEMENT CONSORTIUM TO RECEIVE ABOUT 71.4 MLN ZLOTYS GROSS

  • COMPANY'S SHARE OF REVENUE FROM SETTLEMENT IS 40%

  • SETTLEMENT IS SUBJECT TO APPROVAL BY DISTRICT COURT IN LODZ

  • REVENUE FROM THE SETTLEMENT TO HAVE A POSITIVE IMPACT ON COMPANY'S GROSS PROFIT AND WILL BE RECOGNISED IN H2 2026


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Further company coverage: TOR.WA

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