Brief: Prime Living Enters Agreement With Lund University

Studentbostader I Norden AB (publ)

16/11/2020 07:51

Nov 16 (Reuters) - Prime Living AB (publ)  PRIME.ST :  
    * SAID ON SATURDAY ENTERED INTO A JOINT AGREEMENT WITH LUND
UNIVERSITY
    * LUND UNIVERSITY HAD PREVIOUSLY FILED A LAWSUIT AGAINST
PRIME
LIVING AB AND ITS WHOLLY OWNED SUBSIDIARY PRIME LIVING LUND AB
AND CLAIMED COMPENSATION TOTALING ABOUT SEK 3.5 MILLION
    * IN CONNECTION WITH THE AGREEMENT, THE PARTIES WILL JOINTLY
REQUEST THAT THE CASE BE WRITTEN OFF FROM THE DISTRICT COURT
    * THE AGREEMENT MEANS THAT THE PARTIES' DEALINGS REGARDING
AGREEMENTS FOR MODULAR HOUSES IN LUND HAVE BEEN FINALLY
TERMINATED 
    * THE COST ENTAILED DOES NOT HAVE A SIGNIFICANT IMPACT ON
THE
COMPANY'S RESULTS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN9mR0b6
    
 Further company coverage:  PRIME.ST  
   
    
    

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