Brief: Pharol Says Court Recognises Claim For Over 750 Mln Euros Regarding Rioforte Insolvency
16/02/2026 06:45
Feb 16 (Reuters) - Pharol SGPS SA PHRA.LS: SAID ON FRIDAY, LUXEMBOURG COMMERCIAL COURT RECOGNISED PHAROL'S CLAIM ON INSOLVENCY ESTATE OF RIOFORTE, S.A. IN AMOUNT OF CAPITAL OF 750 MILLION EUROS AMOUNT TO BE INCREASED BY INTEREST DUE UNTIL DATE OF OPENING OF INSOLVENCY PROCEEDINGS COURT ALSO DECIDED THAT PHAROL DOES NOT HAVE TO RETURN ANY AMOUNTS TO ESPIRITO SANTO INTERNACIONAL (ESI) FOR AN ALLEGEDLY UNDUE PAYMENT MADE BY ESI IN 2014 COURT DECISIONS DO NOT IMPLY ANY TYPE OF ACCOUNTING TREATMENT IN PHAROL'S ACCOUNTS, NOR IMPACT 2025 RESULTS Source text Further company coverage: PHRA.LS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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