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CTT CTT - Correios de Portugal SA News Story

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Brief: CTT Informs On Decision Of Supreme Administrative Court On Compensation

May 8 (Reuters) - CTT  CTT.LS :
    * SAID ON TUESDAY IT HAD BEEN NOTIFIED OF THE DECISION OF
THE
SUPREME ADMINISTRATIVE COURT TO REVOKE THE DECISION DELIVERED BY
THE ARBITRATION COURT, WHICH HAD UNANIMOUSLY ORDERED THE STATE
TO PAY THE COMPANY CERTAIN COMPENSATION
    * THE AMOUNT OF 6.8 MILLION EUROS AS COMPENSATION FOR THE
LOSSES
RESULTING FROM THE EFFECTS OF THE COVID-19 PANDEMIC AND 16.8
MILLION EUROS FOR THE UNILATERAL EXTENSION OF THE CONCESSION
AGREEMENT IN 2021


        
 Source text: https://tinyurl.com/3f2jhbjn
 Further company coverage:  CTT.LS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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