Brief: doValue Gets Around EUR 23 Mln From Altamira After Spain Court Rejected Appeal

doValue

11/06/2024 07:12

June 11 (Reuters) - doValue SpA  DOVA.MI : 
    * SUCCESFULLY RECOVERS CA. €23 MILLION FROM ALTAMIRA'S
SELLER
RELATED TO PAST TAX CLAIMS
    * MADRID'S HIGH COURT OF JUSTICE REJECTED ALTAMIRA ATTEMPT
TO
OVERTURN PREVIOUS DECISION THAT REQUIRED IT TO MAKE PAYMENT TO
DOVALUE RELATED TO TAX CLAIM
    * FINANCIAL GAIN OF EUR 22.7 MILLION WILL POSITIVELY IMPACT
DOVALUE'S NET INCOME FOR H1 BY AROUND EUR 0.28 PER SHARE
    * AMOUNT WAS COLLECTED IN APRIL THROUGH  ENFORCEMENT ACTION
BY THE
MADRID COURT, BUT WAS NOT RECORDED YET PENDING COURT RULING


Further company coverage:  DOVA.MI 

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