The arbitral tribunal has in its final award decided in favour of Heimstaden, confirming that there has been no breach of the non-compete undertaking in the Shareholders Agreement.
Co-CEO of Heimstaden AB (publ) Christian Fladeland comments:
– “We are pleased that the arbitral tribunal has confirmed our interpretation of the Shareholders Agreement. We look forward to leaving this dispute behind us and continue with what we do best – and what we have continued to do throughout these proceedings; to create steadily improved results and value for all Heimstaden Bostad shareholders”.
The award is final and non-appealable.