BRIEF-KHD Humboldt Wedag International says was informed of arbitration award

viernes 12 de febrero de 2016 09:39 GYT

Feb 12 (Reuters) - KHD Humboldt Wedag International AG :

* Was informed of an award from a Portuguese arbitration court

* In this award KHD and its subsidiary Humboldt Wedag, Inc. are jointly ordered to pay damages to a customer in South America

* Already assessed that arbitration award is expected to lead to expenses for KHD group of approx. 15 million euros ($17 million) in 2015 financial year

* Reflection of this arbitration award in KHD group's financial statements will not have an impact on forecast result for 2015 financial year Source text for Eikon: Further company coverage: ($1 = 0.8889 euros) (Gdynia Newsroom)