08
Feb
11:39
Borusan Mannesmann collects US Section 232 duty compensation
Borusan Mannesmann collected $48.9 million from US Customs regarding all tax receivables related to the pipes exported from Turkey to the USA in 2018-2019 within the scope of the GCX project in the USA.
The interest amounting to $7.5 million included in the said collection will be recorded as income in the consolidated financial statements, Borusan says in a bourse filing seen by Kallanish.
As a result of the long-lasting legal process that was followed persiste…
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