US EditionAlgerian Sonelgaz Claims 413 Million Euros in Compensation from a Spanish Company - The Maghreb Times !
8 Articles
8 Articles
The Spanish stock exchange supervisor, the National Securities Market Commission (CNMV) has decided to suspend, with immediate effect, the stock exchange negotiation of the Asturian engineering company Duro Felguera, while relevant information about the firm is disseminated, as reported by the supervisor in a statement on Monday, November 25.The CNMV has adopted this decision after the Algerian energy company Sonelgaz has submitted to the Algeri…
The National Securities Market Commission (CNMV) decided last Monday to suspend the quotation of Duro Felguera as a result of its confrontation with the Algerian energy company Sonelgaz. The Asturian engineering company, which is going through a critical moment - there is talk of a possible preconcourse of creditors - adds the expulsion of the stock market to its long list of problems. CNMV made this decision after the Algerian energy company So…
Algerian Sonelgaz Claims 413 Million Euros in Compensation from a Spanish Company - The Maghreb Times !
The Algerian energy giant, Sonelgaz, has initiated an international arbitration procedure against the Spanish company, Duro Felguera. At the center of this dispute is a power plant project in Djelfa, which was abruptly halted. Sonelgaz is seeking the substantial sum of 413 million euros, citing significant breaches by its Spanish partner. Originally signed in 2014, the contract between Sonelgaz and Duro Felguera aimed to build a combined cycle p…
Yesterday the CNMV explained that it agreed to "suspend cautiously, with immediate effect" the negotiation of the values of Duro Felguera "while relevant information about the aforementioned entity is disseminated."As Duro Felguera pointed out in a statement sent to the CNMV, SPE has sent him an Request for Arbitration filed with the Chamber of Commerce and Industry (CACI), "for which it requests the lifting of the suspension of the contract, th…
The Algerian company submits a request for arbitration against Asturian for the suspension of the contract of the plant in Djelfa
The National Securities Market Commission (CNMV) has decided to suspend cautiously, with immediate effect, the exchange negotiations of the Asturian engineering company Duro Felguera, while relevant information about the signature is disseminated, as reported by the supervisor in a statement this Monday. CNMV has adopted this decision after the Algerian energy company Sonelgaz has submitted to the Algerian Chamber of Commerce and Industry a requ…
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