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Reach Subsea subsidiary faces Statnett claim for up to NOK 158.5 million plus interest

PUBT·11/09/2026 19:20:05
Reach Subsea subsidiary faces Statnett claim for up to NOK 158.5 million plus interest
  • Reach Subsea's wholly owned subsidiary received Statnett's claim for up to NOK 158.5 million with interest on November 9, 2026.
  • The claim concerns a conditional cable-installation tender whose conditions were not met; no contract was signed.
  • Statnett awarded the contract to another bidder and seeks damages for the price difference between the tenders.
  • The subsidiary rejects the claim as without merit and will defend its position in court.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach Subsea ASA published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202611091415OSLOBORSNEWS__EN_A8DEA6E1605D9D6DDCA11882919A88A), on November 09, 2026, and is solely responsible for the information contained therein.