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The Warsaw Voice » Business » May 8, 2014
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PBG builder abandons Bialystok football stadium contract
May 8, 2014   
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Troubled builder PBG has ceded its part of the work and liability resulting from the Bialystok football stadium contract to consortium partner Obrascon Huarte Lain (OHL), PBG said in a market filing.

OHL will take over as consortium leader responsible for 99.99% of the works, the sides agreed.

PBG, its unit Hydrobudowa Polska and OHL signed a consortium contract worth net PLN 206.45 million back in May 2012. According to the original terms, works were divided evenly between PBG/Hydrobudowa and OHL.
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