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
3945
Submission date and time
01.03.2013 16:42:52
Content of announcement in Estonian
Title
Arco Investeeringute AS võõrandas tütarettevõtte OÜ Pärnu Turg
Message
Arco Investeeringute AS (100% Arco Vara AS-i tütarettevõte) võõrandas 100%-se osaluse tütarettevõttes OÜ Pärnu Turg ettevõttele Bellvory Turg OÜ. Vastavalt lepingule pooled tehingu hinda ei avalikusta. 10.01.2013 läbiviidud ümberhindluse tulemusena suurendati seisuga 31.12.2012 Pärnu Turu kinnisvarainvesteeringu õiglast väärtust bilansis. Vaatamata õiglase väärtuse üleshindlusele ja tehingukuludele teenis kontsern ettevõtte müügist kasumit. Tehingu tulemusel sai kontsern 87 tuhat eurot kasumit, kontserni varad vähenesid 2 067 tuhande euro ja laenukohustused 772 tuhande euro võrra. Kontserni aastane müügikäive väheneb tehingu tagajärjel vähemalt 300 tuhande euro võrra. Tehingust saadud vaba rahavoogu kasutatakse osaliselt kontserni finantsseisundi tugevdamiseks ja suuremas osas edasiseks arendustegevuseks. OÜ-le Pärnu Turg kuulub ligi 7 700 m2 pinnal asuv suurim ja vanim turg Pärnu linnas. Turg koosneb 2003. aastal valminud turuhoonest ja katusealusega väliturust. Ettevõte tegeleb talle kuuluvate pindade väljarentimisega kauplejatele müügitegevuseks, turu tegevuse korraldamise ning hoonete ning territooriumi haldusega. Bellvory Turg OÜ kuulub 100% ulatuses Bellvory Management OÜ-le, mis omakord kuulub Olga Dubovitskayale. Egert Paulberg Finantskontroller Arco Vara AS Tel: +372 614 4503 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
Arco Investeeringute AS divests its subsidiary OÜ Pärnu Turg
Message
Arco Investeeringute AS (wholly-held subsidiary of Arco Vara AS) has divested its 100% stake in the subsidiary OÜ Pärnu Turg to Bellvory Turg OÜ. In line with the agreement, the parties do not disclose the transaction price. Based on a reassessment of assets conducted on 10 January 2013, the fair value of the investment property held by OÜ Pärnu Turg was written up in the statement of financial position as at 31 December 2012. Despite the increase in fair value and the transaction costs, the group earned a profit on the sale of the entity. The group’s transaction gain amounted to 87 thousand euros and its assets decreased by 2,067 thousand euros and loans and borrowings decreased by 772 thousand euros. As a result of the transaction, the group’s annual revenue will decrease by at least 300 thousand euros. Part of the free cash flow from the transaction will be used to strengthen the group’s financial position but most of it will be invested in further development operations. OÜ Pärnu Turg owns the largest and oldest market in the town of Pärnu. The market, which covers an area of around 7,700 square metres, consists of a market building completed in 2003 and an open air market with covered stalls. The company is involved in renting out its premises to vendors, organising the operation of the market and managing the building and outdoor area. The sole shareholder of Bellvory Turg OÜ is Bellvory Management OÜ, which is owned by Olga Dubovitskaya. Egert Paulberg Financial Controller Arco Vara AS Tel: +372 614 4503 [email protected] http://www.arcorealestate.com