On 12 February 2019, as previously announced, Alpiq and Bouygues Construction both initiated arbitration proceedings pursuant to the arbitration regulations of the Swiss Chambers’ Arbitration Institution and asserted mutual claims for the adjustment of the purchase price. In addition to the existing differences between the parties regarding the definitive adjustment of the purchase price, Bouygues Construction is now also asserting warranty claims. Alpiq also forcefully disputes these new claims by Bouygues Construction, both in terms of their amount and substance, and will challenge them during the course of the proceedings specified by the arbitration court. A decision by the arbitration court can only be expected in the course of 2022.
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