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GE wins first major deal from Alstom portfolio, in Romania

2017-06-23 reuters
FRANKFURT General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal to result from its $10.6 billion 2015 acquisition of Alstom's power business.

Split scores in Samsung, Duro court battle

Roy Hill project head contractor Samsung C&T won two out of five determinations in the latest instalment in its legal dispute with sub-contractor Duro Felguera today, but Samsung was still told to pay Duro $12 million out of more than $60 million that had been sought.

Samsung to pay Roy Hill subcontractor $12m

Samsung C&T will be forced to pay a subcontractor at Gina Rinehart's Roy Hill iron ore project in the Pilbara about $12 million after partially losing a court battle.

Annual Financial Report

2016-09-26 londonstockexchange
Unit 1C, Princes House 38 Jermyn Street London SW1Y 6DN United Kingdom Telephone:   +44 207 478 3900

Duro anger at Samsung stall

Spanish contractor Duro Felguera has suspended ongoing obligations to Samsung C&T, after the Roy Hill project head contractor refused to pay out on five recent court adjudications.

Duro in jurisdiction win

Proceedings will be stayed in the legal fight between Duro Felguera and Samsung C&T, with the dispute about work at the $10 billion Roy Hill project to be heard in Singapore by arbitrators.