Brief: OPC Energy Announces Favorable Ruling in Arbitration Proceedings with Tamar Group
22/07/2019 15:15
July 22 (Reuters) - Kenon Holdings Ltd KEN.N :
* KENON HOLDINGS LTD - ON JULY 21, 2019, UNIT OPC ANNOUNCED
RULING IN ARBITRATION PROCEEDINGS COMMENCED BY TAMAR GROUP
AGAINST OPC’S SUBSIDIARY
* KENON - ARBITRATION TRIBUNAL ORDERED TAMAR GROUP TO PAY
OPC-ROTEM ABOUT $4.16 MILLION FOR EXPENSES INCURRED BY OPC-ROTEM
IN CONNECTION WITH PROCEEDINGS.
* KENON SAYS OPC-ROTEM TO RECEIVE ABOUT $21.75 MILLION IN A
TRUST
ACCOUNT IN CONNECTION WITH THE DISPUTE, AND ANY INTEREST ACCRUED
SINCE SUCH TIME.
Source text : (ID: https://bit.ly/2XWlkNV)
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