Brief: Akastor: $68 Mln To Be Paid To MHWirth Due To DRU Arbitration Award

Akastor ASA

21/05/2024 06:37

May 21 (Reuters) - Akastor ASA  AKAST.OL :
    * DRU ARBITRATION AWARD - SETTLEMENT OF INTEREST AND COSTS
    * USD 68 MILLION SHALL BE PAID TO MHWIRTH AS AS FULL AND
FINAL
SETTLEMENT
    * PAYMENT OF SETTLEMENT SUM SHALL BE MADE WITHIN Q2
    * SETTLEMENT SUM WILL BE BOOKED IN AKASTOR'S Q2 2024
FINANCIALS,
WHEREBY AN ACCOUNTING INCOME OF USD 68 MILLION WILL BE
RECOGNIZED

Source text for Eikon:  ID:nWkr8LjQZQ 
Further company coverage:  AKAST.OL 

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