10/2019: Lawsuit filed by PBG
The Management Board of PBG S.A. (“Company” or “PBG”) announces that today it has filed a countersuit against Polskie Górnictwo Naftowe i Gazownictwo S.A. (“PGNiG”, “Employer”). In the countersuit the Company asserts claims against PGNiG in connection with the performance of the contract signed with PGNIG S.A. on November 19th 2008 for the project ‘Construction of the Wierzchowice Underground Gas Storage Facility, phase: 3.5bn cubic metres, sub-phase: 1.2bn cubic metres’ (“GRI Contract”), seeking payment of the outstanding remuneration owed to the building consortium under the GRI Contract, and in connection with the contract concluded with PGNIG S.A. on August 11th 2008 for ‘LMG Project – Central Facility, Well Areas, Pipelines and Other Infrastructure’ (“LMG Contract”), seeking refund by the Employer of a security deposit paid to secure warranty claims, which was unduly set off against the Employer’s disputed claims against the consortium relating to the GRI Contract. The total amount of the filed claims is PLN 118,081,028.98 plus statutory interest from the lawsuit filing date to the payment date.
The Company notified investors of the lawsuit filed by PGNIG S.A. against the consortium including PBG in respect of the GRI Contract in Current Report No. 32/2016 of October 11th 2016.
Pliki:
current report 10/2019 (.pdf - 27,26 kB)