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
3930
Submission date and time
22.02.2013 08:52:10
Content of announcement in Estonian
Title
Kohus peatas Arco HCE OÜ suhtes alustatud täitemenetluse
Message
04.02.2013 teatas Arco Vara börsile, et Danske Bank A/S-i pangalaenu sissenõudmiseks on alustatud täitemenetluse Arco Vara AS-i 100%-lise tütarettevõte Arco Investeeringute AS-i 50%-se osalusega ühisettevõtte Arco HCE OÜ suhtes. Täitemenetluse objektiks oli Danske Bank A/S-i kasuks seatud hüpoteek kinnistule Ahtri 3. 20.02.2013 rahuldas kohus Arco HCE OÜ hagi tagamise taotluse ja peatas täitemenetluse ettevõtte suhtes. Arco HCE OÜ osalus jaguneb võrdselt Arco Investeeringute AS-i ja U.S. Real Estate Management OÜ vahel. Egert Paulberg Finantskontroller Arco Vara AS Tel: +372 614 4503 [email protected]
Content of announcement in English
Title
Court suspends enforcement proceedings against Arco HCE OÜ
Message
On 4 February 2013, Arco Vara announced to the stock exchange that in order to recover a loan Danske Bank A/S had initiated enforcement proceedings against Arco HCE OÜ, which is a 50% joint venture of Arco Investeeringute AS that is a wholly-held subsidiary of Arco Vara AS. The object of the proceedings was to exercise a mortgage created for the benefit of Danske Bank on a property located at Ahtri 3 in Tallinn. On 20 February 2013, the court satisfied Arco HCE OÜ’s application for securing the action and suspended the enforcement proceedings against the company. The shares in Arco HCE are held, in equal proportions, by Arco Investeeringute AS and U.S. Real Estate Management OÜ. Egert Paulberg Financial Controller Arco Vara AS Tel: +372 614 4503 [email protected]