Brief: Consti Group PLC's Unit Gets Response And Counterclaim From Kiinteistö Oy Yrjönkatu 13

Consti Oyj

19/09/2018 15:59

Sept 19 (Reuters) - Consti Group Plc  CONSTI.HE :
    * REG-CONSTI GROUP PLC'S SUBSIDIARY CONSTI KORJAUSURAKOINTI
OY HAS
RECEIVED A RESPONSE AND COUNTERCLAIM FROM KIINTEISTÖ OY
YRJÖNKATU 13 RELATING TO ARBITRATION PROCEEDINGS
    * SAYS KIINTEISTÖ OY YRJÖNKATU 13 DENIED CLAIMS STATED BY
CONSTI
KORJAUSURAKOINTI OY IN ITS REQUEST FOR INITIATION OF ARBITRATION
PROCEEDINGS
    * SAYS KIINTEISTÖ OY YRJÖNKATU 13 TENTATIVELY NOTIFIED TO
PRESENT
CLAIMS AGAINST CONSTI KORJAUSURAKOINTI OY FOR AMOUNT OF CAPITAL
ABOUT UP TO EUR 20 MILLION
    * SAYS KIINTEISTÖ OY YRJÖNKATU 13 CLAIMS INTEREST PAYMENTS
AND
COMPENSATION FOR LEGAL EXPENSES FROM CONSTI KORJAUSURAKOINTI
    * SAYS CONSTI KORJAUSURAKOINTI OY CONSIDERS CLAIMS OF
KIINTEISTÖ
OY YRJÖNKATU 13 TO BE UNFOUNDED
    * ACCORDING TO CONSTI GROUP PLC'S CURRENT ESTIMATE, MATTER
DOES
NOT HAVE AN EFFECT ON EARNINGS OUTLOOK FOR 2018

Source text for Eikon:  ID:nGNEb00Sct 
Further company coverage:  CONSTI.HE 

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