GCC Receives $71.5 Million Settlement Payment, Resolving Arbitration
GCC received a gross $71.5 million payment related to arbitration over its 2011 sale of SOBOCE, fully resolving the dispute with no further liability for the company.
GCC, S.A.B. de C.V. reached a settlement and received a gross payment of $71.5M in connection with an arbitration concerning its 2011 sale of SOBOCE. The agreement fully and finally resolves the dispute, leaving GCC with no further liability.