Miko Secured a full and final settlement of € 6.75min dispute over earn-out
Miko has received a final earn-out payment of €6.75m on the sale of its plastics processing division in 2021. We agree with Miko that they can be very satisfied with this result as they have avoided the high costs, uncertainty, and extended process of arbitration and litigation by reaching this agreement.Miko SA. Miko NV is a Belgium-based company that is engaged coffee and snacks service and plastic packaging sectors. The Company's coffee segment delivers Its products to the out-of-home market, such as coffee, fruits, water and other beverages, snacks and sweets that are consumed outside the private home, in places like offices, businesses and restaurants. Within the Plastics segment, the Company manufactures plastic packaging products, among others for the food industry and the homecare sector, such as bubble wraps for laundry detergent. Miko NV has subsidiaries in the United Kingdom, France, the Netherlands, Germany, Poland, the Czech Republic, Slovakia, Sweden, Denmark and Australia. It also sells its coffee concepts through independent distributors in thirty countries in Europe, among others.
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