Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
29.12.2009 13:24:32
Title
29.12.2009: Arco Vara AS tütarettevõte Arco Ehitus OÜ võõrandas oma osaluse Arco Construction SIA-s
Message
Arco Vara AS (edaspidi Kontsern) 100% tütarettevõte Arco Ehitus OÜ võõrandas oma
osaluse Arco Construction SIAs (55 % Arco Ehitus OÜ tütarettevõte), mille
osakapital oli 4 000 Läti latti (ca 88 333 krooni, ca 5 646 eurot.
Enamusosalus Arco Construction SIA-s soetati 2007. aasta alguses, eesmärgiga
ehitada Kontserni arendusprojekte ning teenida kasumit Läti ehitusturu kiirest
kasvust. Läbi dividenditulu on kontsern saanud täies mahus tagasi oma varasemad,
ettevõtte soetamiseks tehtud investeeringud. Järgnevate aastat jooksul oleksid
Kontserni omainvesteeringud enda Läti arendusprojektidesse olnud maksimaalselt
15,0 mln krooni (ca 0,96 mln eurot), mis ei tagaks Arco Construction SIA
jätkusuutlikku majandamist. Samas pole Arco Construction SIA olnud edukas uute
kontserniväliste lepingute sõlmimisel. Lisaks on Läti ehitusturg 2007. aastaga
võrreldes oluliselt ahenenud ja ei vasta enam Arco Vara AS-i strateegia
põhimõtetele, mille oluliseks osaks on vähendada Kontserni kohustusi ja loobuda
tegevustest, mida Kontsern ei saa täielikult kontrollida.
Arco Ehitus OÜ-le kuuluva Arco Construction SIA osaluse omandasid Arco
Construction SIA kaasomanikud selliselt, et Viktors Savins omandas 27,3%
võõrandatavast osalusest, Marti?š Bubens omandas 23,6% võõrandatavast osalusest,
Aivars Kacars omandas 23,6% võõrandatavast osalusest ning J?nis ?odars omandas
25,5% võõrandatavast osalusest. Tegemist on tehinguga seotud isikuga NASDAQ OMX
Tallinna Börsi reglemendi osa "Nõuded Emitentidele" tähenduses. Omandajad
Marti?š Bubens ja Aivars Kacars on Arco Construction SIA juhatuse liikmed ning
Viktors Savins on sama ettevõtte nõukogu liige.
Tehingu maksumus oli ca 1,1 mln krooni (0,07 mln eurot), millest Kontsernile
laekub rahana 0,1 mln krooni (0,01 mln eurot), kuna ülejäänud osa ca 0.97 mln
krooni (0,06 mln eurot) kulub Arco Costruction SIA soetusmaksumuse kohustuse
tasaarvelduseks. Tehingu tulemusena vähenevad Kontserni konsolideeritud võlad
hankijatele 28,8 mln krooni (ca 1,84 mln eurot), nõuded ostjate vastu vähenevad
22,3 mln krooni (ca 1,43 mln eurot). Antud tehingu tulemusena Kontsern kahjumit
ei saanud. Tehing ei avalda märkimisväärset mõju Arco Vara kontserni tegevusele
ega ole käsitletav olulise osaluse võõrandamisena. Arco Vara AS nõukogu ja
juhatuse liikmed ei ole tehingust muul viisil isiklikult huvitatud.
Arco Vara on Baltimaade üks juhtivaid kinnisvaraarenduse ettevõtteid, asutatud
1992. aastal. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda
kinnisvaravahendus ja hindamine, ehitus ning kinnisvarahaldus. Firmal on
esindused 17 linnas Eestis, Lätis, Ukrainas ja Bulgaarias. Kontsernis töötab ca
250 inimest.
Arco Vara AS aktsiad on noteeritud Tallinna Börsil.
1 EUR = 15,6466 EEK
Lembit Tampere
Juhatuse liige
Arco Vara AS
phone: +372 614
4630
info@arcovara.ee
www.arcorealestate.com
Title
29.12.2009: Arco Vara AS subsidary Arco Ehitus OÜ sold its shares of Arco Construction SIA
Message
Arco Vara AS (hereinafter the Group) 100% subsidiary Arco Ehitus OÜ sold its
shares of Arco Construction SIA (55 % subsidiary of Arco Ehitus OÜ) with the
share capital of 4 000 Latvian lats (approx. 88 333 kroons or approx. 5 646
euros.
The majority of shares of Arco Construction SIA-s were bought on the beginning
of 2007 with the goal to build Group development projects and to gain profit
from the fast growth of construction market within Latvia. By the
interest-earning the Group has fully retrieved its earlier investment made for
acquiring the company. During next years self investments by the Group into the
development projects in Latvia would not have exceeded of 15.0 mln kroons
(approx. 0.96 mln euros), which would not ensure the sustainable managing of
Arco Construction SIA. At the same time Arco Construction SIA has not been
successful of signing the group-external agreements. Moreover the construction
market in Latvia has substantially tightened comparing with the year 2007 and do
not comply any more with the strategic principles of Arco Vara AS whereof
essential part is to reduce liabilities of the Group and to withdraw from the
actions which the Group can't fully control.
The shares belonging to Arco Ehitus OÜ-le were acquired by co-owners of Arco
Construction SIA in a way that Viktors Savins obtained 27,3% from the
transferable shares, Marti?š Bubens obtained 23,6% from the transferable shares,
Aivars Kacars obtained 23,6% from the transferable shares and J?nis ?odars
obtained 25,5% from the transferable shares. This transaction represents a
transaction with a related person within the meaning of “Requirements for
Issuers” of the NASDAQ OMX Tallinn Rules. The acquirers Marti?š Bubens and
Aivars Kacars are the members of the board of Arco Construction SIA and Viktors
Savins is the members of the council of the same company.
The value of the transaction was approx 1.1 mln kroons (0.07 mln euros)
wherefrom the Group shall receive in cash 0.1 mln kroons (approx 0.01 mln euros)
whereas rest in amount of approx 0.97 mln kroons (0.06 mln euros) will be spent
to balance the liabilities of the acquisition costs of Arco Costruction SIA.
After the transaction the Group consolidated trade payables shall decrease in
amount of 28.8 mln kroons (approx 1.84 mln euros), trade receivables shall
decrease in amount of 22.3 mln kroons (ca 1.43 mln euros). With current
transaction the Group shall not bare any loss. The transaction does not have
remarkable material economical effect on the activities of Arco Vara Group and
does not qualify as an acquisition of significant holding. The members of the
supervisory board and the management board of Arco Vara AS have no other
personal interest in the transaction.
Arco Vara is a leading real estate developer in the Baltic's, established in
1992. The operations involve real estate development, brokerage, valuation,
construction and property maintenance arm. The company is located in 18 cities
in Estonia, Latvia, Ukraine and Bulgaria and employs ca 250 people.
Arco Vara AS is listed on Tallinn Stock Exchange.
1 EUR = 15.6466 EEK
Lembit Tampere
Member of Management Board
Arco Vara
AS
phone: +372 614 4630
info@arcovara.ee
www.arcorealestate.com