Fantuzzi group has confirmed that it has drawn up arbitration proceedings in order to dispute the validity and legal basis of the unilateral “termination” by Terex of the definitive agreement entered into on 8 August 2008.
Despite the arbitration plan, Fantuzzi group also said, in a statement issued from Reggio Emilia on 29 January, “that ongoing discussions with Terex Co and meetings are taking place with all the involved parties, to see whether the dispute can be settled amicably and without any further delay, and therefore allow the transfer to Terex Co of Fantuzzi group’s industrial operations.”...
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