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Orascom Development Holding AG: Orascom Development Egypt receives notice of compensation claim from Ministry of Environment


Nachricht vom 03.08.2021 | 07:00
Orascom Development Holding AG: Orascom Development Egypt receives notice of compensation claim from Ministry of Environment
Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous
03-Aug-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Press Release
Orascom Development Egypt receives notice of compensation claim from Ministry of Environment
Altdorf, 3 August 2021 - Orascom Development Holding s (ODH) Egyptian subsidiary Orascom Development Egypt (ODE) has received notice from the Environment Protection Agency, a department of Egypt s Ministry of Environment, of a claim for environmental compensation in the amount of USD 33.9 million in relation to ODH s Egyptian destination El Gouna. ....

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