Brief: CTS Eventim: Joint Venture With Kapsch Trafficcom Quantifies Its Claims Against Germany

Kapsch TrafficCom AG

19/12/2019 14:35

Dec 19 (Reuters) - CTS EVENTIM  EVDG.DE :
    * JOINT VENTURE OF CTS EVENTIM AND KAPSCH TRAFFICCOM
QUANTIFIES
ITS CLAIMS AGAINST FEDERAL REPUBLIC OF GERMANY AT APPROX. EUR
560 MILLIONS (REMOVES EXTRANEOUS WORD)
    * CONTRACTING PARTIES HAVE AGREED ON A COMPENSATION AFTER
TERMINATION OF AGREEMENT BY FEDERAL REPUBLIC OF GERMANY FOR A
REASON SUCH AS PRESENT ONE, EQUAL TO LOSS OF PROFITS OVER TERM
OF AGREEMENT
    * IN ADDITION OPERATING AGREEMENT PROVIDES FOR A
COMPENSATION OF
COSTS ARISING FROM TERMINATION OF AGREEMENT WHICH INCLUDES
COMPENSATION CLAIMS OF SUBCONTRACTORS
    * AUTOTICKET GMBH IS PROJECT COMPANY FOR IMPLEMENTATION OF
INFRASTRUCTURE LEVIES CONTEMPLATED BY FEDERAL REPUBLIC OF
GERMANY

Source text for Eikon:  ID:nEQ1SbDyKa 
Further company coverage:  EVDG.DE 

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