Brief: TSK Says Not Involved In UK Judicial Proceedings Between International Banks
14/10/2026 08:44
BRIEF-TSK Says Not Involved In UK Judicial Proceedings Between International Banks Oct 14 (Reuters) - Tsk Electronica y Electricidad SA TSK.MC:
REGARDING MEDIA REPORTS, SAYS NOT INVOLVED IN UK JUDICIAL PROCEEDINGS BETWEEN INTERNATIONAL BANKS
LEGAL PROCEEDINGS WERE INITIATED DUE TO ATTEMPTED ENFORCEMENT OF CERTAIN GUARANTEES RELATING TO TEMANE COMBINED CYCLE POWER PLANT PROJECT IN MOZAMBIQUE
FILED ICC ARBITRATION IN LONDON; RESOLUTION EXPECTED END-2027 OR EARLY-2028
SPANISH COURT SUSPENDED GUARANTEE EXECUTION IN APRIL 2025; TSK NOT REQUIRED TO PAY
NEGOTIATING AMICABLE AGREEMENT; NO SIGNIFICANT ADVERSE IMPACT EXPECTED
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