Brief: Contractor terminates construction contract with Interbud Lublin unit

Interbud Lublin SA

29/09/2016 07:39

Sept 29 (Reuters) - Interbud Lublin SA  ITB.WA : 
    * Said on Wednesday that Przedsiebiorstwo 
Budowlano-Konserwatorskie REMKON sp. z o.o. (REMKON) terminated 
construction contract with Interbud-Apartments SA 
    * Said REMKON terminated contract due to delays in payment 
of compensation of about 0.12 million zlotys ($31,357) by 
Interbud-Apartments for performed works 
    * Said delays in payments are related to the current 
financial situation of the company and its capital group 
    * Said that it is awaiting court decisions regarding its 
bankruptcy with possibility of arrangement motion  urn:newsml:reuters.com:*:nFWN1A80UQ 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2862057 
     
 Further company coverage:  ITB.WA   
    
 
 
 
($1 = 3.8269 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))