Brief: Asseco South Eastern Europe Unit Terminates Contract

Asseco South Eastern Europe SA

10/04/2018 07:16

April 10 (Reuters) -  ASSECO SOUTH EASTERN EUROPE SA
 ASEP.WA :
    * SAID ON MONDAY THAT ITS UNIT, ASSECO SOUTH EASTERN EUROPE
D.O.O., LJUBLJANA, HAS TERMINATED A CONTRACT WITH NOVA KREDITNA
BANKA MARIBOR D.D. 
    * THE TERMINATION WILL AFFECT THE COMPANY'S Q1 OPERATING
RESULT IN
THE AMOUNT NOT HIGHER THAN EUR 0.7 MILLION 
    * THE AGREEMENT WAS FOR SALE OF CORE BANKING SOLUTION, ITS
IMPLEMENTATION AND MAINTENANCE AND TECHNICAL SUPPORT SERVICES,
THE COMPANY SAYS
    * THE CONTRACT WAS TERMINATED DUE TO HIGHER IMPLEMENTATION
COSTS
THAN PREVIOUSLY EXPECTED

    
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 Further company coverage:  ASEP.WA  
   


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