June 25, 2018 / 12:21 PM / 4 months ago

Prysmian believes provisions on WesternLink are more than enough - sources

MILAN (Reuters) - The contract for Prysmian’s (PRY.MI) giant project WesternLink contains a maximum penalty of 105.65 million pounds but the group believes 70.43 million pounds in provisions already taken are more than enough, two sources close to the matter said.

On Friday Prysmian, the world’s biggest cable maker, said it expected 44.02 million pounds in extra costs due to problems at its WesternLink project.

Reporting by Francesca Landini and Massimo Gaia

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below