Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
22.05.2009 17:19:43
Title
Osaluse suurendamine Läti arendusprojektis „Bišumuiža 2”
Message
Arco Vara AS'i tütarettevõte Arco Investeeringute AS suurendas enda osalust sidusettevõttes Bišumuižas Nami SIA-s 40%-lt 49,4%-ni. Tehingus sularaha ei liikunud, sest mõlemad projekti suuromanikud konverteerisid senised allutatud laenud omakapitaliks. Tehingujärgselt on Bišumuižas Nami SIA 50.0% aktsiate omanik SIA Linstow Baltic, 49,4% aktsiate omanik Arco Investeeringte AS ja 0,6% aktsiate omanik Hr. Viktors Savins läbi enda varahaldusettevõtte SIA Mazais Baltezers. SIA Mazais Baltezers'il hakkab kehtima tähtajatu optsioon soetada Arco Investeeringute AS'ilt 9,4%-ne osalus nominaalhinnaga. Bišumuižas Nami SIA kontrollib 100% ettevõtet Sportings Riga SIA, mis arendab Riias asuvat elamurajooni projekti „Bišumuiža 2”. Arco Vara on Baltimaade üks juhtivaid kinnisvaraettevõtteid, opereerides ka Ukrainas ja Bulgaarias. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvarabürood, ehitusäri ja kinnisvarahaldus. Firmal on esindused 17 linnas ning grupis töötab ca 240 inimest. Arco Vara AS aktsiad on noteeritud Tallinna Börsil. Arco Vara AS
Title
Arco Vara Group increased its shareholding in development project „Bišumuiža 2” in Latvia
Message
Arco Investeeringute AS, a subsidiary of Arco Vara AS, increased its shareholding in Bišumuižas Nami SIA from 40% to 49.4%. It was a non-cash transaction where two of the biggest sponsors of the project converted their subordinated loans to equity. After the transaction 50.0% of Bišumuižas Nami SIA shares belong to SIA Linstow Baltic, 49.4% to Arco Investeeringute AS and 0.6% to SIA Mazais Baltezers that is controlled by Mr. Viktors Savins. SIA Mazais Baltezers will have an option to buy from Arco Investeeringute AS 9.4% of the shares at face value. Bišumuižas Nami SIA controls 100% a company Sportings Riga SIA that has a residential district project in Riga called “Bišumuiža 2”. Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 17 cities and employs ca 240 people. Arco Vara AS is listed on Tallinn Stock Exchange. Arco Vara AS