tilineos to be compensated with USD 40mn

Wednesday, August 30th, 2017
Last Update: 15:30
The company had filed a complaint asking for a EUR 98.9mn compensation after RTB Bor ceased servicing its obligations in 2004 under the contract signed with Mytilineos. Moreover, the Serb state legislated restructuring measures for RTB Bor that essentially “expropriated” Mytilineos’ investment without compensation.

Although the compensation is lower than Mytilineos’ demand, it is positive news for the stock, given that we had not included this one-off revenue in our estimates.

See Also:

Thank you for contacting Greece.com.

Thank you for your enquiry to Greece.com Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Greece.com Business page, CLICK HERE to create a Greece.com Account