Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
2034
Submission date and time
22.01.2009 14:15:00
Content of announcement in Estonian
Title
Lepingu sõlmimine osaluse võõrandamiseks
Message
Arco Vara kontsern sõlmis Rumeenias tütarettevõtte S.C.L-Base Project S.R.L (endise nimega Arco Real Estate Consulting S.R.L) 100% osade müügilepingu. Ettevõte tegeles Arco Vara maaklertegevusega Rumeenia turul. Tehing on osa Arco Vara kontserni teenindusdivisjoni restruktureerimisega kaasnevatest tegevustest. Tehing ei avalda olulist mõju Arco Vara kontserni tegevusele ega ole käsitletav olulise osaluse võõrandamisena ega tehinguna seotud isikuga NASDAQ OMX Tallinna Börsi Reglemendi osa "Nõuded Emitentidele" tähenduses. Arco Vara AS-i nõukogu ja juhatuse liikmed ei ole tehingust muul viisil isiklikult huvitatud. Arco Vara on Baltimaade üks juhtivaid kinnisvaraettevõtteid, mis laieneb Ida-Euroopa turgudel, opereerides juba Ukrainas ja Bulgaarias. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvarabürood ja ehitusäri. Firmal on esindused 18 linnas ning grupis töötab alla 400 inimese. Arco Vara 2007. aasta konsolideeritud auditeeritud käive moodustas 727 mln krooni (46 mln eurot), puhaskasum enne vähemusosalusi 235 mln krooni (15 mln eurot) ja bilansimaht 3 564 mln krooni (228 mln eurot). Arco Vara aktsiad on noteeritud Tallinna Börsil. 1 EUR=15,6466 EEK Heigo Metsoja CFO /Juhatuse liige +372 6144 654 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
Conclusion of agreement for the transfer of shares
Message
Arco Vara group sold its 100% holding in Romanian brokerage subsidiary called S.C.L-Base Project S.R.L (previously called Arco Real Estate Consulting S.R.L). The transaction is a part of restructuring activities of Arco Vara group's service division. The transaction does not have significant material economical effect on the activities of Arco Vara AS and does not qualify as a transfer of significant shareholding nor a related party transaction within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Stock Exchange Rules. The members of the supervisory board and management board of Arco Vara AS do not have any personal interests in the incorporation of the company. Arco Vara is one of the leading real estate developer in the Baltic's, undergoing a SEE expansion with presence established already in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network and construction arm. The company has offices in 18 cities and employs less than 400 people. According to 2007 audited consolidated results net sales was 727 mln kroons (46 mln euros), net profit before minorities 235 mln kroons (15 mln euros) and assets 3 564 mln kroons (228 mln euros). Arco Vara is listed on Tallinn Stock Exchange. 1 EUR=15,6466 EEK Heigo Metsoja CFO / Member of the Management Board +372 6144 654 [email protected] http://www.arcorealestate.com