BME:TREEnergy Services
How Investors May Respond To Técnicas Reunidas (BME:TRE) Court Rulings Clarify Cash Risks
The London Court of Arbitration ordered MGT Teesside Ltd to pay a Técnicas Reunidas and Samsung consortium €120 million, while a Madrid court lifted injunctions over €133 million of Sitra Refinery performance bonds. Together, these decisions result in a €49 million net cash outflow for Técnicas Reunidas but a limited impact on reported earnings.
The rulings clarify cash flows on two large, legacy projects for Técnicas Reunidas, which may help investors reassess legal risk and capital tied up...