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TE — Technip Energies News Story

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Brief: Tecnicas Reunidas Says JV With Technip and Samsung Not Required To Pay Guarantees

BRIEF-Tecnicas Reunidas Says JV With Technip and Samsung Not Required To Pay Guarantees

- Tecnicas Reunidas SA TRE.MC:

  • CLARIFIES INFORMATION PUBLISHED IN PRESS

  • ENFORCEMENT OF GUARANTEES SUSPENDED IN SPAIN, FRANCE, AND SOUTH KOREA IN JUNE; NEITHER JV NOR ANY OF ITS MEMBERS REQUIRED TO PAY THESE GUARANTEES

  • JV CONTINUES PROJECT, STARTED ARBITRATION AND WORKS WITH CLIENT TO REACH AMICABLE AGREEMENT

  • BELIEVES OUTCOME OF DISCUSSIONS WILL NOT RESULT IN ANY MATERIAL IMPACTS BEYOND THOSE INCLUDED IN H1 FINANCIAL RESULTS

Source text: ID:nCNM4xmVbJ

Further company coverage: TRE.MC


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