BRIEF-Maire Tecnimont to receive $118.5 mln as part of settlement with Endesa Chile

viernes 30 de enero de 2015 03:33 GYT

Jan 30 (Reuters) - Maire Tecnimont SpA :

* Its subsidiaries, Tecnimont SpA, Tecnimont Chile and Tecnimont do Brasil (Tecnimont Group), with its consortium partners SES and SES Chile (SES Group) sign general and final settlement agreement of mutual satisfaction with Endesa Chile

* Agreement solves any disputes and legal proceedings between parties in relation to EPC contract for realization of Bocamina II project in Chile signed on July 25, 2007

* Endesa Chile recognizes to consortium amount of $125 million out of which $118.5 million related to Tecnimont Group and $6.5 million to SES Group

* Tecnimont Group is expected to cash in an amount equal to $139,426,000 no later than April 6 Source text for Eikon: Further company coverage: (Gdynia Newsroom)