Brief: PBG settles with KGHM on claims worth 2.6 mln zlotys and 80,000 euros

PBG SA w restrukturyzacji w likwidacji

11/08/2016 10:57

Aug 11 (Reuters) - PBG SA w upadlosci ukladowej  PBGG.WA : 
    * Signed agreement with KGHM Polska Miedz SA  KGH.WA  
concerning claims raised by KGHM under its calls for settlement 
    * Claims were raised regarding contract from July 30, 2012 
for delivery, assembly and launching of 4 recovery boilers and 
contract from July 9, 2010 for production, delivery, assembly 
and launch of 4 gas turbo generator 
    * Under the agreement, KGMH's claim for 2.6 million zlotys  
($679,064) , resulting from boilers contract, was acknowledged 
    * Under the agreement, KGMH's claim for PBG to pay 80,000 
euros ($89,152)as cover for fault costs in gas turbo generator 
contract, was acknowledged 
    * Still under negotiations, in period till Dec. 20, 2016, 
there is claimed raised by KGHM for 3.5 million zlotys, under 
gas turbo generator contract 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1154884 
     
 Further company coverage:  PBGG.WA   
    
 
 
 
($1 = 3.8288 zlotys) 
 
($1 = 0.8973 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))