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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Endesa SA Ads | NYSE:ELE | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Dec 2019 to Dec 2024
Vivendi (VIV.FR) said Monday that the Warsaw Court of Appeals denied the request of Deutsche Telekom (DT) and Elektrim S.A. for the recognition in the Republic of Poland of the arbitral award rendered in Vienna on November 26, 2004, confirming the position of Elektrim Telekomunikacja, or Telco, a 51% Vivendi subsidiary.
MAIN FACTS:
- After the Austrian Supreme Court, this decision marks another and significant victory for Vivendi in its dispute with Deutsche Telecom and Elektrim over its investment in the Polish telecom operator PTC.
- The decision is binding and enforceable in Poland. All of Deutsche Telecom's and Elektrim's motions for recognition in the proceedings were rejected.
- As claimed by Vivendi since 2004 and contrary to the assertions of Deutsche Telecom and Elektrim, the Warsaw Court of Appeals affirmed that the arbitral award has no effect on Telco's 48% ownership of PTC.
Company Web site: www.vivendi.com
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; alice.dore@dowjones.com
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