Valmet Gets Notified Of Arbitration Claim By Metsä Fibre
Oct 15 (Reuters) -Valmet Oyj VALMT.HE:
INSIDE INFORMATION: VALMET NOTIFIED OF ARBITRATION CLAIM BY METSÄ FIBRE OY
METSÄ FIBRE OY HAS FILED A REQUEST FOR ARBITRATION AGAINST VALMET TECHNOLOGIES OY, WHICH IS A SUBSIDIARY OF VALMET
ARBITRATION CONCERNS METSÄ FIBRE'S BIOPRODUCT MILL IN KEMI, FINLAND
VALMET TECHNOLOGIES OY DISPUTES CLAIMS BROUGHT BY METSÄ FIBRE AND WILL ALSO ACTIVELY PURSUE CLAIMS OF ITS OWN AGAINST METSÄ FIBRE
METSÄ FIBRE'S PRELIMINARY MONETARY CLAIMS PUT FORWARD AMOUNT TO APPROXIMATELY EUR 47 MILLION
POTENTIAL CLAIMS ESTIMATED AT APPROXIMATELY EUR 65 MILLION
DOES NOT EXPECT MATERIAL ADVERSE IMPACTS FROM ARBITRATION
Source text for Eikon: ID:nWkr7pV1py
Further company coverage: VALMT.HE
(Gdansk Newsroom)
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