Brief: ADC SIIC Says Cofinfo And Elogie-Siemp Reached Agreement Ending Their Dispute

Alliance Developpement Capital Siic SE

12/12/2019 18:05

Dec 12 (Reuters) - Alliance Developpement Capital SIIC SE
 ALDV.PA :
    * SAYS COFINFO, A SUBSIDIARY OF ALLIANCE DEVELOPPEMENT
CAPITAL
SIIC, AND ELOGIE SIEMP HAVE REACHED AGREEMENT ENDING THEIR
DISPUTE
    * RESOLUTION OF DISPUTE WITH ELOGIE-SIEMP WILL HAVE A
POSITIVE
IMPACT ON CONSOLIDATED FINANCIAL STATEMENTS FOR 2019 FY OF ABOUT
EUR 10 MILLION
    * SAYS THIS AGREEMENT PROVIDES FOR PAYMENT TO COFINFO OF EUR
10.5
MILLION IN EXCHANGE FOR CONSERVATION OF HOUSING COMPLEX BY
ELOGIE SIEMP
    * SAYS THIS SUM COMES IN ADDITION TO THE SUM OF 4.17 MILLION
ALREADY RECEIVED BY COFINFO A FEW YEARS BEFORE

Source text for Eikon:  ID:nGNE8kfNQJ 
Further company coverage:  ALDV.PA 

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