Nordic Business Report-January 2, 2007-Pergo AB settles arbitration case (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish flooring company Pergo AB said on Tuesday (2 January) that it has successfully settled the arbitration case initiated by the bankrupt estate of Witex AG against Pergo Holding BV in June 2004. The settlement also included any and all other outstanding disputes with Witex. The settlement requires a cash payment of EUR325,000 to Pergo, as well as the transfer of the Internet domains, which were registered by Witex, to Pergo. The settled arbitration related to a share purchase, subscription and partnership agreement entered into between Pergo and Witex in 2000. Pergo, headquartered in Trelleborg in Sweden, is an international flooring company with leading market positions in Europe and the US. The company has some 650 employees and reported sales of approximately SEK3bn in 2005. Pergo is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))