Brief: Teixeira Duarte clarifies on SATU Oeiras' dissolution process

Teixeira Duarte SA

10/04/2015 08:12

April 10 (Reuters) - Teixeira Duarte SA  TDSA.LS : 
    * Said on Thursday that its wholly-owned subsidiary Teixeira 
Duarte - Engenharia e Construções SA holds 49 pct of SATU Oeiras 
- Sistema Automático de Transporte Urbano EM SA, which is under 
dissolution process 
    * Due to that the company clarifies that, by the end of 
2013, Teixeira Duarte - Engenharia e Construções had already 
included losses of 39.6 million euros ($42 million) in its 
accounts 
    * In Q3 2014 reported additional 1.3 million euros and in Q4 
2014 another 1.5 million euros in loses, related to the outlined 
participation 
    * Once SATU system is closed the subsidiary will cease to 
have any costs related to it 
 
 Source text: http://bit.ly/1Gw2ehB 
     
 Further company coverage:  TDSA.LS   
    
 
 
 
($1 = 0.9394 euros) 
 
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