Brief: Kamux: Claim Against Local Procurement Partner In Germany Ruled In Favour Of Kamux

Kamux Oyj

11/01/2022 14:33

Jan 11 (Reuters) - Kamux Oyj  KAMUX.HE :
    * THE CLAIM AGAINST LOCAL PROCUREMENT PARTNER IN GERMANY HAS
BEEN
RULED IN FAVOUR OF KAMUX - THE DECISION WILL NOT HAVE IMMEDIATE
EFFECTS ON FINANCIAL RESULT
    * HAS RECEIVED DECISION OF STUTTGART DISTRICT COURT DATED
JANUARY
10, 2022 REGARDING LEGAL PROCEEDINGS AGAINST LOCAL PROCUREMENT
PARTNER INITIATED BY KAMUX'S GERMAN SUBSIDIARY KAMUX AUTO GMBH
    * IN PROCESS, KAMUX AUTO GMBH DEMANDED REFUND OF PAYMENTS
FROM
PROCUREMENT PARTNER RELATED TO PURCHASING CONTRACTS.
    * DISTRICT COURT HAS RULED CLAIM IN FAVOUR OF KAMUX.
    * WILL NOT RECOGNIZE ANY RECEIVABLES AT THIS POINT
    * KAMUX DOES NOT EXPECT OTHER PARTY TO APPEAL DECISION.
    * DECISION WILL NOT HAVE ANY IMMEDIATE EFFECTS ON FINANCIAL
RESULT

Source text for Eikon:  ID:nWkrbHtWxg 
Further company coverage:  KAMUX.HE 

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