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 Aug 10 (Reuters) - 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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