A Canadian court sentenced the Canadian plastic manufacturer Nova Chemicals Corporation to a further payment of damages to the US chemical company DOW in the amount of $ 1.6 billion.
The judgment referred to burdens that Dow emerged from the common ethylene plant in Joffre, Canada, said the US BASF competitor in Midland on Wednesday. However, appeal can still be made against the judge’s decision.
Payment is expected to be made in the fourth quarter. This compensation has a payment of $ 1.4 billion in 2019, which Nova had to pay to Dow at the time.
At the NYSE, the DOW share temporarily lists 0.29 percent in plus $ 30.79.
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Midland (dpa-Afx)
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