Brief: Valmet Gets Notified Of Arbitration Claim By Metsä Fibre

Metsa Board Oyj

15/10/2024 14:33

Oct 15 (Reuters) - Valmet Oyj  VALMT.HE :
    * INSIDE INFORMATION: VALMET NOTIFIED OF ARBITRATION CLAIM
BY
METSÄ FIBRE OY
    * METSÄ FIBRE OY HAS FILED A REQUEST FOR ARBITRATION AGAINST
VALMET TECHNOLOGIES OY, WHICH IS A SUBSIDIARY OF VALMET
    * ARBITRATION CONCERNS METSÄ FIBRE'S BIOPRODUCT MILL IN
KEMI,
FINLAND
    * VALMET TECHNOLOGIES OY DISPUTES CLAIMS BROUGHT BY METSÄ
FIBRE
AND WILL ALSO ACTIVELY PURSUE CLAIMS OF ITS OWN AGAINST METSÄ
FIBRE
    * METSÄ FIBRE'S PRELIMINARY MONETARY CLAIMS PUT FORWARD
AMOUNT TO
APPROXIMATELY EUR 47 MILLION
    * POTENTIAL CLAIMS ESTIMATED AT APPROXIMATELY EUR 65 MILLION
    * DOES NOT EXPECT MATERIAL ADVERSE IMPACTS FROM ARBITRATION

Source text for Eikon:  ID:nWkr7pV1py 
Further company coverage:  VALMT.HE 

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