MGT Teesside Ordered To Pay €120 Mln To Tecnicas Reunidas And Samsung

By Reuters News

Sept 18 (Reuters) - Tecnicas Reunidas SA TRE.MC:

  • MGT TEESSIDE ORDERED TO PAY €120 MILLION TO CONSORTIUM

  • CONSORTIUM FORMED BY TÉCNICAS REUNIDAS (73%) AND SAMSUNG (27%)

  • MADRID COURT LIFTS MEASURES HALTING €133 MILLION GUARANTEE PAYMENT

  • CONSORTIUM INITIATES ARBITRATION AGAINST BAPCO IN LONDON COURT

  • IMPACT OF THESE TWO EVENTS ON TÉCNICAS REUNIDAS' CASH POSITION REPRESENTS A NET OUTFLOW OF €49 MILLION EUROS

  • NET IMPACT ON RESULTS AMOUNTS TO 7 MILLION EUROS, WHICH DOES NOT MODIFY RESULTS GUIDANCE FOR 2026 COMMUNICATED TO MARKETS

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Further company coverage: TRE.MC

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