Czech Agrofert says wins 77 mln euro case vs PKN

Tue Jun 30, 2009 11:00am EDT
 
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PRAGUE, June 30 (Reuters) - Czech chemicals group Agrofert won over 77 million euros in damages from Polish oil firm PKN Orlen PKNA.WA over a failed deal, Agrofert owner Andrej Babis said on Tuesday.

"Yes it is true. Another four arbitration cases for 17 billion crowns ($926.9 million) are pending," Babis told Reuters.

The Polish firm had no comment.

Agrofert and PKN had agreed on the transfer of selected assets from PKN's Czech unit Unipetrol (UNPEsp.PR) to Agrofert earlier this decade but PKN later pulled out of the deal.

 

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