REC Receives NOK 220 Million for Terminating a Long Term Wafer Sales Contract |
| published: 2012-01-31 15:52 |
Reference is made to the third quarter 2011 report, where REC is expecting to continue to recognize income from termination of long term wafer sales contracts.
In the period 2006 - 2008, REC entered into a number of long term wafer sales contracts. REC has now accepted to terminate one of these contracts and will receive a cash compensation of approximately NOK 220 million in the first quarter 2012.
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