Komentarai Siųsti draugui Spausdinti Vertinimas Neįvertintas

ARC: 27.04.2012: Arco Investeeringute AS disposes of interest in joint venture Bišumuižas Nami SIA

Spekuliantai.lt | 2012-04-27 | NASDAQ OMX biržų naujienos | perskaitė: 343
Raktiniai žodžiai: Arco Vara AS, ARC
ARC: 27.04.2012: Arco Investeeringute AS disposes of interest in joint venture Bišumuižas Nami SIA

Arco Vara Company Announcement 27.04.2012

27.04.2012: Arco Investeeringute AS disposes of interest in joint venture
Bišumuižas Nami SIA

Arco Vara AS’s wholly-held subsidiary Arco Investeeringute AS sold its 49.4%
stake in the joint venture Bišumuižas Nami SIA for 2 euros to the co-venturer
SIA Linstow Baltic. By the transaction, Arco Vara disposed of its interest in
Bišumuižas Nami SIA and SIA Linstow Baltic became the sole owner of the entity.

Bišumuižas Nami SIA is a company established for the development of apartment
buildings that is currently inactive. The company’s loan burden extends to 13.8
million euros. Bišumuižas Nami SIA has sole control over Sportings Riga SIA,
which owns an 11.2 ha plot in Riga. Arco Vara sought opportunities for exiting
the project for more than a year.

The transaction has no significant impact on the group’s financial position and
financial performance. However, by divesting the interest Arco Investeeringute
AS also disposed of a potential obligation to support the joint venture in the
development of apartment buildings and in servicing loan liabilities. In 2011
Arco Investeeringute AS financed the joint venture with 0.3 million euros.

Established in 1992, Arco Vara is one of the leading real estate companies in
the Baltic countries. The company’s main activity is real estate development,
which is supported by brokerage, valuation, construction and property
management. The company has offices in 17 cities in Estonia, Latvia, Ukraine
and Bulgaria.

Egert Paulberg
Financial Controller
Arco Vara AS
Tel: +372 614 4503
egert.paulberg@arcovara.ee
http://www.arcorealestate.com

Taip pat skaitykite

DPK: Decisions of the regular meeting of shareholders dated 27.05.2013

VLN: NEW MUTUAL FUND TO THE BALTIC FUND CENTER

VLN: The results of the primary placement auction of Lithuanian Government securities

VLN: VVP pirminio platinimo aukciono rezultatai

2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos

Komentarai



Ekonominis kalendorius

Prekybos statistika realiu laiku

Techninės analizės įrankis

DIENORAŠČIAI

Privatumo politika Reklama Kontaktai Paskolos RSS RSS
© 2006-2014 Tipro Group UAB