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
5949
Submission date and time
23.02.2017 12:11:20
Content of announcement in Estonian
Title
Arco Vara AS sõlmis frantsiisilepingu kaubamärgi kasutamiseks Lätis
Message
31.10.2016 müüs Arco Vara AS-i 100% tütarühing Arco Real Estate AS 70%-lise
osaluse Arco Vara kaubamärgi all tegutsevas ja Arco Vara gruppi kuuluvas Läti
kinnisvarabüroos (ärinimi SIA Arco Real Estate). Vastavalt kokkuleppele
kohustus SIA Arco Real Estate alates 2017. aasta maist jätkama tegevust uue
kaubamärgi all.
Täna sõlmisid Arco Vara AS ja SIA Arco Real Estate 3-aastase frantsiisilepingu
ning leppisid kokku Arco Vara kaubamärgi kasutamise tingimustes.
Kahjumi piiril tegutsenud tegutsenud tütarettevõtte müük ja edasine tulu
teenimine frantsiisilepingu alusel on osa Arco Vara grupi laiemast
tegevuskavast, mille eesmärk on saavutada grupi varadele kõrgemat tootlust.
Evelin Kanter
Juriidilise osakonna juht
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Arco Vara AS concluded a franchise agreement for using its trademark in Latvia
Message
On 31 October, 2016, Arco Vara AS’ 100% subsidiary Arco Real Estate AS sold its
70% stake in Arco Vara group’s Latvian brokerage company (commercial name SIA
Arco Real Estate) which acted under Arco Real Estate trademark. According to
the concluded agreement, SIA Arco Real Estate was obliged to continue providing
services under a new trademark from May 2017.
Today, Arco Vara AS and SIA Arco Real Estate concluded a 3-year franchise
contract and agreed on the terms for using Arco Real Estate trade mark.
Selling a loss-making subsidiary and replacing it with a cash-generating
franchise agreement is part of Arco Vara group’s broader action plan aimed at
increasing the yield on the group’s assets.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com