Tecnicas Reunidas says Bapco bond calls on Bahrain JV remain suspended, no payment due

Reuters2026/08/10 11:48

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Técnicas Reunidas said Bapco’s attempt to execute guarantees tied to the Bahrain Sitra project JV was halted in Spain, France, and South Korea in June.
No guarantee payments have been made by the JV or its members, including Technip and Samsung.
The JV continues work on the project, with arbitration filed while talks continue toward an amicable settlement with Bapco.
The company expects no additional material financial impact beyond what was already reflected in its half-year accounts.

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. Tecnicas Reunidas SA published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tecnicas Reunidas says Bapco bond calls on Bahrain JV remain suspended, no payment due

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