Mostostal Warszawa increases lines of guarantee
Mostostal Warszawa SA signed an annex to the agreement on cooperation in the field of insurance guarantees within the assigned guarantee limit with Sopockie Towarzystwo Ubezpieczeń Ergo Hestia SA.
In November this year Mostostal Warszawa SA signed with Sopockie Towarzystwo Ubezpieczeń Ergo Hestia SA an annex to the agreement for cooperation in the field of insurance guarantees, increasing to PLN 40 mln the current limit. Within this limit, Mostostal Warszawa can get all kinds of insurance guarantees.
- In connection with improved financial results, the Group Mostostal Warszawa is consistently expanding cooperation with financial institutions in the area of increasing the guarantee lines, enabling the acquisition of new contracts in the general construction sector, infrastructural, industrial, energy and environmental protection. Since the beginning of the year, the Group increased lines of guarantee for construction contracts for PLN 123.4 mln - said Carlos Resino Ruiz, Member of the Board for Finances Mostostal Warszawa.
At the end of the third quarter of 2015 years backlog of Mostostal Warszawa Group reached PLN 2,561 mln.