Genoa
20 December 2017, 17:15 pm

Ansaldo STS (STS.MI), following the previous press releases, in particular relating to the request of AB Storstockholms Lokaltrafik (“SL”) reported in the press release dated 7 November 2017, informs that an agreement was signed today between Ansaldo STS and SL, regarding the return to the Company of all the bonds previously provided in favour of SL, following the repayment of the remaining advance payments paid by SL to the Company, for an amount of approximately EUR 31 million (VAT and interest included).

According to the signed agreement, Ansaldo STS will pay back the above mentioned amounts by 25 January 2018, against the simultaneous release by SL of all the bonds. The payment mentioned above along with all previous repayments to SL by the Company for an amount of EUR 45 million (VAT and interest included) is made under protest, without prejudice to Ansaldo STS' rights and pending the final legal resolution of the dispute.

The Company is evaluating all the possible judicial initiatives to defend its own rights, including the right to obtain the full payment of the work performed to date as well as the compensation for the damages suffered, in particular due to the unilateral termination by SL of the contractual relationship with Ansaldo STS.