Brief: Cox Unit BDDG Receives Two Final Arbitral Awards

Cox Infrastructure SA

21/09/2026 09:16

Sept 21 (Reuters) - Cox Infrastructure Group SA COXGA.MC:
FINAL ARBITRAL AWARDS IN RELATION TO ACCRA DESALINATION PLANT (GHANA)
GWCL REQUIRED TO PAY BDDG $235 MILLION, NET OF TAXES, IN TERMINATION PAYMENTS UNDER WPA, WITH ACCRUED INTEREST FROM 1 APRIL 2026 UNTIL PAYMENT
IT IS DECLARED THAT GHANA IS OBLIGED, UNDER SOVEREIGN GUARANTEE, TO SATISFY AMOUNTS AWARDED, PROVIDED THAT NO DOUBLE RECOVERY OCCURS
GWCL IS REQUIRED TO PARTIALLY REIMBURSE BDDG FOR LEGAL COSTS INCURRED IN CONNECTION WITH ARBITRATION PROCEEDINGS
COUNTERCLAIMS AGAINST BDDG, INCLUDING $144.5 MILLION CLAIM, DISMISSED
ARBITRAL AWARDS ARE FINAL AND BINDING ON PARTIES
AWARDED AMOUNTS DO NOT DIRECTLY CORRESPOND TO NET CASH FOR COX
PARTIES CONTINUE TO ENGAGE IN NEGOTIATIONS AIMED AT REACHING AMICABLE  SETTLEMENT
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