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Valmet Gets Notified Of Arbitration Claim By Metsä Fibre



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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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