Multiconsult ASA (Oslo: MULTI) refers to the legal dispute concerning the Sotra
Link project as described in the company's annual report.
Oslo District Court has today issued its judgment in the case. The Court has
ruled in favour of Multiconsult Norge AS.
Under the judgment, Sotra Link Construction JV ANS has been ordered to pay the
following amounts to Multiconsult Norge AS:
· approximately NOK 80.8 million related to unpaid remuneration for performed
services, including VAT, plus statutory default interest,
· approximately NOK 84.2 million in damages, plus statutory default interest,
and
· approximately NOK 31.4 million in legal and internal costs.
The judgment is expected to have a positive financial and accounting impact on
Multiconsult ASA. Multiconsult ASA will assess the final accounting treatment in
connection with, and at the latest as part of, its next financial reporting.
The judgment may be appealed by Sotra Link Construction JV ANS within the
statutory time limit.
For further information, please contact:
Investor relations:
Ove B. Haupberg, CFO
Phone: +47 401 00 900
E-mail: oveb.haupberg@multiconsult.no
Media:
Lars Nermoen, Communications Director
Phone: +47 902 40 153
E-mail: lars.nermoen@multiconsult.no