Maire’s Tecnimont Wins €1.1 Billion Global Asset Seizure Orders Against EuroChem

MaireTecnimont SpA ( (IT:MAIRE) ) has shared an announcement.

MaireTecnimont’s subsidiary Tecnimont has secured immediately enforceable conservatory seizure orders over approximately €1.1 billion of assets belonging to Russia’s EuroChem Group, following authorisation from the ICC Arbitral Tribunal in London, which confirmed London as the sole competent jurisdiction in the dispute. The tribunal has also recognised Tecnimont’s right to seek asset freezes worldwide as security for any additional damages arising from EuroChem’s allegedly unlawful Russian legal actions, while the English High Court and the Court of Appeal have both ruled that EuroChem’s proceedings in Russia breach the arbitration agreement and are unlawful, strengthening MAIRE’s legal position as it awaits a final arbitral award expected in 2026 and signalling a robust defence of its contractual rights with implications for counterparties operating across conflicting jurisdictions.

The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

More about MaireTecnimont SpA

MAIRE S.p.A. is a Milan-listed technology and engineering group focused on the energy transition, providing integrated engineering and construction solutions for downstream markets and sustainable technology solutions across sustainable fertilizers, low‑carbon energy vectors and circular solutions. Operating in around 50 countries, the group employs roughly 10,500 people and engages a wider workforce of about 50,000 professionals through its global projects.

YTD Price Performance: 61.96%

Average Trading Volume: 522,172

Technical Sentiment Signal: Buy

Current Market Cap: €4.2B

See more insights into MAIRE stock on TipRanks’ Stock Analysis page.