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2013-05-28 15:51:33 CEST 2013-05-28 15:52:33 CEST REGULATED INFORMATION Orkuveita Reykjavíkur - Company AnnouncementReykjavik Energy AnnouncementReykjavik, 2013-05-28 15:51 CEST (GLOBE NEWSWIRE) -- An international arbitrary court has reached a conclusion in a case HS Orka instigated against Nordural and Reykjavik Energy (RE - Orkuveita Reykjavikur). Following the court‘s decision, RE will make claims against Nordural. According to RE‘s interim financial statements Q1 2013, issued May 17th, the claim then amounted to ISK 748 million. From October 1st 2011, Norðurál reduced contractual payments of electricity from RE and HS Orka. HS Orka was the claimant in the arbitration and, as RE is a party to the trilateral contract, the company was also a respondent to the arbitration. |
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