Brief: EAM Solar: Updates On Criminal Court Ruling In Italy

Eam Solar AS

23/04/2019 08:17

April 23 (Reuters) - EAM Solar ASA  EAM.OL :
    * SAID ON THURSDAY CRIMINAL COURT OF MILAN PUBLISHED ITS
RULING IN
THE CRIMINAL PROCEEDINGS WERE EAM SOLAR ASA HAS BEEN INCLUDED AS
A CIVIL DAMAGED PARTY
    * CRIMINAL COURT FOUND IT EVIDENCED AND CONSEQUENTLY DECIDED
THAT
BOTH MR GIORGI AND MR AKHMEROV IS GUILTY OF CRIMINAL CONTRACTUAL
FRAUD AGAINST COMPANY IN CONJUNCTION WITH THE SALE OF THE
SO-CALLED P31 PORTFOLIO
    * CRIMINAL COURT ALSO DECIDED THAT AVELEOS S.A. HAS TO PAY
EAM
SOLAR ASA PROVISIONAL DAMAGES OF EUR 5M IMMEDIATELY, NOT
AWAITING APPEAL OR THE FINAL DAMAGES DECISION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiW1tJXa
    
 Further company coverage:  EAM.OL  
   


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