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Agreement in the Letzigrund Stadium legal case

·1-min read

Implenia AG / Key word(s): Agreement/Legal Matter

14-Apr-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Dietlikon, 14 April 2021 - Implenia and the City of Zurich have come to an agreement on the pending and threatened new court proceedings relating to the Letzigrund Stadium legal case and settled all claims. This also resolves the dispute about repayment of the City of Zurich's performance bond and the cost of correcting faults claimed by the City of Zurich.


The settlement has already been taken into account in Implenia's 2020 financial statements and has no further negative impact on Implenia's financial result. This finally brings an end to the legal dispute with the City of Zurich about the construction of the Letzigrund Stadium, which has lasted more than a decade.

Contact for media:
Corporate Communications, T +41 58 474 74 77, communication@implenia.com

Contact for Investors and Analysts:
Investor Relations, T +41 58 474 35 04, ir@implenia.com

Investors' Agenda:
17 August 2021: Media and analysts' conference on the half-year results


End of ad hoc announcement

Language:

English

Company:

Implenia AG

Industriestrasse 24

8305 Dietlikon

Switzerland

Phone:

+41 58 474 74 74

E-mail:

info@implenia.com

Internet:

www.implenia.com

ISIN:

CH0023868554

Valor:

A0JEGJ

Listed:

SIX Swiss Exchange

EQS News ID:

1184399


 

End of Announcement

EQS Group News Service

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