The settlement agreement provides for a total payment of 94 MNOK (€9.1 million) to be made by Nekkar to MacGregor in full and final settlement of the disputed purchase price. The payment is net of 8 MNOK (€0.8 million) previously withheld by MacGregor related to the fulfilment of Nekkar tax obligations in China following completion of the acquisition.
he settlement amount will have an approximately €7 million positive impact on MacGregor’s 1Q21 operating profit.
