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Valmet notified of arbitration claim by Kronospan Energy S.A.

Barchart·11/09/2026 11:10:00
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Valmet Oyj's stock exchange release (inside information) on November 9, 2026 at 18:15 p.m. EET

ESPOO, Finland, Nov. 9, 2026 /PRNewswire/ -- Kronospan Energy S.A. has filed a request for arbitration against Valmet Technologies Oy, which is a subsidiary of Valmet. The arbitration concerns the Purchase Agreement between Kronospan Energy S.A. and Valmet Technologies Oy dated January 18, 2022 for delivery of a biomass-fired heat and power plant ("CHP3") as specified under the Purchase Agreement.The Take-Over of CHP3 was July 12, 2024. Typically, the price of a project with a similar scope is approximately EUR 100 million.

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