The International Arbitration Court in Paris ruled that energy company Enel will have to pay the amount of 401 million euros to the Romanian state for the 13.5 % stake in Electrica Muntenia Sud. The initial request by the state exceeded 521 million euros.
The statement from Enel confirmed that the company received the arbitral decision related to the SAPE implementation of the clause put option for Enel Distribution Muntenia and Enel Energie Muntenia, adding that it is currently analyzing the details of this decision, but the outcome of the arbitration is in line with the company’s expectations in general.
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Tags: arbitration, dispute, Electrica, Electrica Muntenia Sud, electricity, electricity distribution, Enel, Muntenia Sud, Romania