Mexican state oil company Pemex PEMX.UL reached a $295 million settlement with a group including German industrial conglomerate Siemens (SIEGn.DE) in a longstanding dispute over a refinery project, a person familiar with the matter said on Monday.
The deal was originally announced in March but did not give details of the final settlement.
A Mexican official close to the negotiations said that Pemex had agreed to settle for $295 million. Earlier in the day, Pemex said in a statement that the deal struck definitively ends the 14-year-long dispute, but it did not give a sum.
The . . .