Ad-hoc | 14 April 2021 07:00

Agreement in the Letzigrund Stadium legal case

Implenia AG / Key word(s): Agreement/Legal Matter

14-Apr-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Dietlikon, 14 April 2021 – Implenia and the City of Zurich have come to an agreement on the pending and threatened new court proceedings relating to the Letzigrund Stadium legal case and settled all claims. This also resolves the dispute about repayment of the City of Zurich’s performance bond and the cost of correcting faults claimed by the City of Zurich.

The settlement has already been taken into account in Implenia’s 2020 financial statements and has no further negative impact on Implenia's financial result. This finally brings an end to the legal dispute with the City of Zurich about the construction of the Letzigrund Stadium, which has lasted more than a decade.

Contact for media:
Corporate Communications, T +41 58 474 74 77, communication@implenia.com

Contact for Investors and Analysts:
Investor Relations, T +41 58 474 35 04, ir@implenia.com

Investors' Agenda:
17 August 2021:     Media and analysts’ conference on the half-year results

End of ad hoc announcement

Language:	English
Company:	Implenia AG
	Industriestrasse 24
	8305 Dietlikon
	Switzerland
Phone:	+41 58 474 74 74
E-mail:	info@implenia.com
Internet:	www.implenia.com
ISIN:	CH0023868554
Valor:	A0JEGJ
Listed:	SIX Swiss Exchange
EQS News ID:	1184399

End of Announcement EQS Group News Service