Russian Tycoon Mordashov wins US$500mil claim against PetroVietnam

Alexey Mordashov - The billionaire’s Power Machines was awarded more than US$500 million, RBC news site reported earlier Monday, citing an unidentified source. - Bloomberg

HANOI (Bloomberg): Alexey Mordashov’s power-generation equipment maker won a claim against Vietnam Oil & Gas Group for a power plant that wasn’t completed in the South-East Asian nation, a spokesman for the businessman said in a message, adding the terms of the decision couldn’t be disclosed at the time.

The billionaire’s Power Machines was awarded more than US$500 million, RBC news site reported earlier Monday, citing an unidentified source.