Brief: Herkules Sues Former Management Board Members And Insurer For Unit's Contract With PKP PLK

Herkules SA w restrukturyzacji

30/12/2022 16:43

Dec 30 (Reuters) - Herkules SA  HRSP.WA :
    * SUES FORMER 2017-2019 MANAGEMENT BOARD MEMBERS AND CIVIL
LIABILITY INSURER OF MANAGEMENT BOARD MEMBERS FOR 29.8 MILLION
ZLOTYS
    * LAWSUIT IS RELATED TO UNIT HERKULES INFRASTRUKTURA
UNPROFITABLE
CONTRACT
    * CONTRACT WAS SIGNED IN MARCH 2018 WITH PKP PLK FOR
ERTMS/GSMR
INFRASTRUCTURE SYSTEM
    * UNPROFITABILITY RESULTED IN NECESSITY TO BOOK WRITE-DOWN
ON
VALUE OF FINANCING GRANTED BY COMPANY TO UNIT

Source text for Eikon:  ID:nEM6PhtCka 
Further company coverage:  HRSP.WA 
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