Brief: Fortum Starts Legal Proceedings Against Forward Energo

Fortum Oyj

22/10/2024 13:57

Oct 22 (Reuters) - Fortum Oyj  FORTUM.HE :
    * HAS INITIATED LEGAL PROCEEDINGS AGAINST FORWARD ENERGO TO
RECOVER APPROXIMATELY EUR 800 MILLION IN INTERCOMPANY LOANS
    * PROCESS IS EXPECTED TO TAKE SOME YEARS
    * SAYS  PAO FORWARD ENERGO IS IN PAYMENT DEFAULT OF ALL
INTERCOMPANY LOANS
    * CLAIM, INCLUDING INTEREST AND DEFAULT INTEREST, AMOUNTS TO
ABOUT
EUR 800 MILLION
    * PROCEEDINGS CONCERN INTERCOMPANY LOANS OF APPROXIMATELY
EUR 600
MILLION GRANTED TO PAO FORTUM

Source text for Eikon:  ID: 
Further company coverage:  FORTUM.HE 

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