September 29, 2016 / 6:41 AM / a year ago

BRIEF-Contractor terminates construction contract with Interbud Lublin unit

Sept 29 (Reuters) - Interbud Lublin SA :

* Said on Wednesday that Przedsiebiorstwo Budowlano-Konserwatorskie REMKON sp. z o.o. (REMKON) terminated construction contract with Interbud-Apartments SA

* Said REMKON terminated contract due to delays in payment of compensation of about 0.12 million zlotys ($31,357) by Interbud-Apartments for performed works

* Said delays in payments are related to the current financial situation of the company and its capital group

* Said that it is awaiting court decisions regarding its bankruptcy with possibility of arrangement motion

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$1 = 3.8269 zlotys Gdynia Newsroom

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