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Arbitral award in the contract dispute between SRV and Ideapark

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SRV GROUP PLC     Stock ExchangeRelease      8. April 2011 2.00 p.m. EET

  

On 8. April 2011, the court of arbitration issued its award in the dispute between SRV Rakennus Oy (SRV Construction Ltd) and Kiinteistö Oy Ideapark Ab, who owns the Ideapark shopping centre in Lempäälä.  The dispute concerned the construction of the Ideapark Shopping Centre which was completed in 2006. The court of arbitration ordered Ideapark to compensate SRV with more than EUR 1 million and SRV to compensate Ideapark with EUR 420,000.

The award does not have  impact on SRV Group Plc’s profit guidance.

SRV Group Plc
Communications

 

Further information:
Juha Pekka Ojala, Senior Executive Vice President, Business Operations in Finland, tel. +358 40 733 4173

 

Distribution : Nasdaq OPMX Helsinki, main media 

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