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HIFA B - Hifab AB News Story

SEK2.62 0.0  0.0%

Last Trade - 24/09/21

Sector
Industrials
Size
Micro Cap
Market Cap £13.5m
Enterprise Value £15.1m
Revenue £28.0m
Position in Universe 1548th / 1859

BRIEF-Hifab Says Banned Temporarily From World Bank Funded Projects

Mon 16th April, 2018 6:42am
April 16 (Reuters) - Hifab Group AB  HIFAb.ST :
    * SAYS WORLD BANK GIVES ASSESSMENT THAT IT IS MORE LIKELY
THAN
UNLIKELY THAT HIFAB INTERNATIONAL EMPLOYEES WERE INVOLVED IN
CORRUPT ACTION
    * SAYS THIS RESULTS IN SANCTION ISSUED FOR TWO EMPLOYEES AS
WELL
AS  HIFAB INTERNATIONAL AB AND UNIT  HIFAB OY
    * HIFAB GROUP SAYS SANCTION MEANS THAT  HIFAB INTERNATIONAL
AB AND
HIFAB OY DURING AT LEAST THREE YEARS AND ONE MONTH CANNOT
PARTICIPATE IN NEW PROJECTS FUNDED BY THE WORLD BANK
    * SAYS HIFAB'S SWEDISH OPERATIONS IS NOT AFFECTED BY THE
SANCTION

Source text for Eikon:  ID:nWkr3rkw11 
Further company coverage:  HIFAb.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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