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COMPANY NEWS

tilineos to be compensated with USD 40mn

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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.
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