ASTALDI: RESTART OF PAYMENTS FROM VENEZUELA

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Astaldi informs that it has received four tranches of payments of receivables related to railway projects in progress in Venezuela. As of today, the sum collected by Astaldi amounts to USD 43 million. This provides confirmation of the restart of payments from Venezuela, which is deemed a necessary condition in order for contractual relations with IFE (Venezuela’s state railway company) to return to normal, and for a possible gradual resumption of production activities.

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Last updated: Jul 11 2016