Brief: Cofina Says Co Was Notified That Prisa Filed A Request For Arbitration In Portugal

Grupo Media Capital SGPS SA

16/04/2020 17:26

April 16 (Reuters) - Cofina SGPS SA  CFN.LS :
    * SAYS WAS NOTIFIED THAT PRISA FILED A REQUEST FOR
ARBITRATION
WITH THE CHAMBER OF PORTUGUESE COMMERCE AND INDUSTRY (CCIP) ON
APRIL 15, 2020
    * SAYS IN REQUEST FOR ARBITRATION, PRISA CLAIMS THE RIGHT TO
RECEIVE DOWN PAYMENT OF 10 MLN EUROS IN ADDITION TO PAYMENT OF
DAMAGES BY COFINA IN CASE OF CONVICTION
    * SAYS COMPANY TO SUBMIT REPLY TO THE REQUEST FOR
ARBITRATION

    
 Source text: https://bit.ly/2xz7uF3
 Further company coverage:  CFN.LS  
   


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