Claim for damages brought by SNCF Réseau concerning the Estaque site: decision of the Marseille Administrative Court. Recylex intends to contest this enforceable decision, while continuing the debt restructuring process
Recylex S.A. (Euronext Paris: FR0000120388 - RX) announced today that it has been condemned to pay SNCF Réseau the sum of €5.7 million for the “global refurbishment” of the railways public domain near the Estaque sector, in solidum with S.A.S.U. Retia, a subsidiary of Total Energies. The two companies will have to pay the surplus, up to €63.3 million, as and when SNCF Réseau calls for funds. Recylex S.A. has decided to appeal this decision, it being specified that the appeal does not automatical
Source: yahoo.com