Information on the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing alleged unachieved proceeds under the bilateral contract concluded with Alro.

Wed, 11/28/2018 - 12:43

Significant event to be reported:

Information on the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing alleged unachieved proceeds under the bilateral contract concluded with Alro.

The Company Alro S.A. informs the shareholders and investors that in the dispute lodged by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A., which is the object-matter of the case file no. 13264/3/2015 currently before the High Court of Cassation and Justice of Romania, following the lodging of the second appeal by S.P.E.E.H. Hidroelectrica, the filter panel of judges  no. 3 decided to set the hearing date on December 06, 2018.

The information has been excerpted from the Courts of Law web portal, where it had been entered as result of the information posted on the site of the High Court of Cassation and Justice of Romania.

As regards the status of the above mentioned case file, Alro S.A. will inform the public and investors in due course.