Brief: Akastor: MHW Gets Arbitration Award Of $101.4 Mln

Akastor ASA

18/04/2024 07:11

April 18 (Reuters) - Akastor ASA  AKAST.OL :
    * ARBITRATION AWARD RECEIVED ON THE DRU CONTRACTS
    * MHW HAS BEEN AWARDED AN AMOUNT OF USD 101,359,024 AS
PAYMENT OF
TERMINATION FEES
    * IN ADDITION, MHW HAS BEEN AWARDED REIMBURSEMENT OF LEGAL
COSTS
AND CERTAIN SUSPENSION COSTS (TOTAL ABOUT USD 7 MILLION)
    * TERMINATION FEE AND COST REIMBURSEMENT WILL BE INCLUDED ON
AKASTOR BALANCE SHEET
    * ESTIMATED ACCOUNTING GAIN OF ABOUT USD 55 MILLION WILL BE
BOOKED
IN Q1 2024

Source text for Eikon:  ID:nWkr26pvj4 
Further company coverage:  AKAST.OL 

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