No more cost for TNB after UBS settlement


  • Business
  • Saturday, 19 Jul 2003

Tenaga Nasional Bhd (TNB) does not expect to incur more than what has been accounted for after a dispute with Swiss investment bank UBS AG was settled out of court, said the company's chairman Datuk Awang Adek Hussain. 

He said the amount TNB would pay to UBS to settle the dispute was less than the US$86.94mil it was sued for. 

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