Budimex hit with a PLN 122 mln lawsuit

WSE-listed construction company Budimex has been sued by the Silesian Museum in Katowice for PLN 122.8 million (or PLN 34.7 million price reduction alternatively). The claim concerns a contract for the construction of a new seat of the Silesian Museum in Katowice, back in 2011. According to the Management Board of Budimex, the claims are unfounded. “Due diligence of the facility by the consortium was confirmed by the plaintiff by signing the proper paperwork when the project was finished,” Budimex said in a market filing. The company added that the lawsuit will not affect the company's earnings.