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Metso Receives an Arbitration Award of EUR 10 Million - Metso has received an arbitration award in its favor amounting to EUR 10 million plus around EUR 2 million in interest. The arbitration process was related to a large project delivery in Turkey - Metso.com
Metso Receives an Arbitration Award of EUR 10 Million

 

NewswireToday - /newswire/ - Helsinki, Finland, 2012/02/21 - Metso has received an arbitration award in its favor amounting to EUR 10 million plus around EUR 2 million in interest. The arbitration process was related to a large project delivery in Turkey - Metso.com. MEO1V.HE

   
 
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The arbitration tribunal denied substantially the claims made against Metso and its decision is final. Metso will book the amount awarded in its financial statements when the payment has been received.

Metso (metso.com) is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.

Follow us: twitter.com/metsogroup.

For further information, please contact:
Rasmus Oksala, SVP, Legal Counsel, Pulp, Paper and Power segment, Metso
T:+358 20 484 3252

Metso Corporation
Harri Nikunen, CFO
Juha Rouhiainen, VP, Investor Relations

Distribution: NASDAQ OMX Helsinki Ltd.

 
 
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Written by / Agency / Source: Metso Corporation

 
 

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Metso Receives an Arbitration Award of EUR 10 Million

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Metso |
Publisher Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

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