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Kapsch TrafficCom AG
Legal Proceedings Report • Jul 25, 2023
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Legal Proceedings Report
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Corporate | 25 July 2023 14:17
Kapsch TrafficCom AG: Settlement between Federal Republic of Germany and autoTicket completed.
EQS-News: Kapsch TrafficCom AG / Key word(s): Scheme of Arrangement
Kapsch TrafficCom AG: Settlement between Federal Republic of Germany and autoTicket completed.
25.07.2023 / 14:17 CET/CEST
The issuer is solely responsible for the content of this announcement.
Settlement between Federal Republic of Germany and autoTicket completed.
Vienna, July 25, 2023 – As already published, a settlement agreement was reached on July 5, 2023 between autoTicket GmbH, a joint venture of Kapsch TrafficCom AG and CTS Eventim AG Co. KGaA, and the Federal Republic of Germany and the arbitration proceedings conducted due to the termination of the operations contract for the collection of the infrastructure charge (“passenger car toll”) were thus ended.
The settlement agreement has now been finalized, executed and is effective. The payment of the amount of EUR 243 million to autoTicket GmbH by the Federal Republic of Germany has already been effected.
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
With one-stop-shop-solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.
Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2021/22 financial year, 4,220 employees generated revenues of about EUR 520 million.
| Press contacts: Carolin Treichl Executive Vice President Marketing & Communications Kapsch Aktiengesellschaft Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1710 [email protected] |
Sandra Bijelic Head of Corporate Communications Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1720 [email protected] |
Investor contact: Marcus Handl, Valerie Riegler Investor Relations team Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria T +43 50 811 1122 [email protected] |
Further information: www.kapsch.net/ktc Follow us on Twitter and LinkedIn
25.07.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | Kapsch TrafficCom AG |
| Am Europlatz 2 | |
| 1120 Vienna | |
| Austria | |
| Phone: | +43 50811 1122 |
| Fax: | +43 50811 99 1122 |
| E-mail: | [email protected] |
| Internet: | www.kapschtraffic.com |
| ISIN: | AT000KAPSCH9 |
| WKN: | A0MUZU |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1687899 |
| End of News | EQS News Service |