Brief: Stockmann: Arbitration Court Passes Decision In Dispute

Lindex Oyj

31/08/2022 11:15

Aug 31 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * THE ARBITRATION COURT HAS TODAY PASSED AN ARBITRATION
DECISION
IN A DISPUTE BETWEEN LÄHITAPIOLAN KESKUSTAKIINTEISTÖT KY AND
STOCKMANN
    * DECISION HAS BEEN RECEIVED BY ARBITRATION COURT IN A
DISPUTE
BETWEEN LÄHITAPIOLAN KESKUSTAKIINTEISTÖT KY AND STOCKMANN
REGARDING DAMAGES FOR TERMINATION OF LEASE OF BUSINESS PREMISES
LOCATED IN DEPARTMENT STORE IN TAPIOLA
    * ARBITRATION COURT HAS IN ITS ARBITRATION DECISION
PARTIALLY
REJECTED CLAIMS OF LÄHITAPIOLAN KESKUSTAKIINTEISTÖT KY
    * COURT CONFIRMED THAT COMPENSATION TO BE PAID TO
LÄHITAPIOLAN
KESKUSTAKIINTEISTÖT KY IS EUR 19.3MILLION
    * COURT HAS IN ITS ARBITRATION DECISION PARTIALLY REJECTED
CLAIMS
OF LÄHITAPIOLAN KESKUSTAKIINTEISTÖT KY AND CONFIRMED THAT
COMPENSATION TO BE PAID TO LÄHITAPIOLAN KESKUSTAKIINTEISTÖT KY
IS EUR 19.3 MILLION
    * COMPENSATION TO BE PAID IS STOCKMANN'S RESTRUCTURING DEBT
    * ARBITRATION COURT'S DECISION IS FINAL AND CANNOT BE
APPEALED

Source text for Eikon:  ID:nWkr9SsjZR 
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