Brief: Sogefi Announces Settlement Of Outstanding Claims

Sogefi SpA

30/08/2018 07:24

Aug 30(Reuters) - Sogefi SpA  SGFI.MI :
    * SAID ON WEDNESDAY IT HAD SIGNED AN AGREEMENT CONCERNING
CLAIMS
MADE BY TWO CLIENTS OF ITS UNIT SOGEFI AIR & COOLING RELATING TO
SUPPLY OF A DEFECTIVE COMPONENT
    * THE AGREEMENT WILL CLOSE ALL OUTSTANDING DISPUTES
    * THE AGREEMENT WILL RESULT IN A POSITIVE IMPACT OF EUR 6.6
MLN
PRETAX AND EUR 4.3 MLN IN NET PROFIT, DUE TO THE ACCRUALS BOOKED
IN PRIOR YEARS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbBxcPR
    
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