trending Market Intelligence /marketintelligence/en/news-insights/trending/uc599ihjjvbsa1itcdcz6q2 content esgSubNav
In This List

Mytilineos, Serbia reach settlement over US$40M award

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Mytilineos, Serbia reach settlement over US$40M award

Athens-listed Mytilineos Holdings SA and Serbia reached a settlement over a US$40 million compensation awarded to Mytilineos by the International Arbitral Tribunal over a past deal with copper miner RTB Bor.

The Serbian government will pay the compensation in four interest-free quarterly installments in December, according to a Feb. 6 release.

In August 2017, the international tribunal ruled that Serbia breached its obligations to Greece and Mytilineos under an international treaty by prohibiting the payment of pre-existing RTB Bor obligations without the government's prior approval, as well as enforcement measures by creditors to seek satisfaction of their dues.