Brief: Akastor: Update On DRU Arbitration Award Amount

Akastor ASA

22/04/2024 06:40

April 22 (Reuters) - Akastor ASA  AKAST.OL :
    * UPDATE ON DRU ARBITRATION AWARD AMOUNT
    * MHWIRTH AND AKASTOR HAVE CONCLUDED THAT TOTAL AMOUNT OF
ABOUT
USD 65 MILLION IS DUE AS PAYMENT OF INTEREST
    * TOTAL GROSS AMOUNT AWARDED TO MHW IN RESPECT OF DRU
CONTRACTS IS
ABOUT USD 173 MILLION, INCLUDING INTEREST
    * CALCULATION ON INTEREST HAS BEEN SHARED WITH JURONG, WHO
DOES
NOT AGREE WITH CALCULATION
    * IF PARTIES ARE UNABLE TO AGREE ON INTEREST, TRIBUNAL MAY
BE
ASKED TO ISSUE FURTHER DIRECTIONS IN THAT REGARD

Source text for Eikon:  ID:nWkr6Fv1Wj 
Further company coverage:  AKAST.OL 

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