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 corporate action
Unique data record identifier
7048
Submission date and time
02.01.2019 17:08:11
Content of announcement in Estonian
Title
Arco Vara Eesti ja Bulgaaria kinnisvarabüroode eraldamine Arco Vara grupist on lõppenud
Message
01.11.2018 teavitas Arco Vara AS, et on sõlminud lepingud kahe 100% tütarühingu - Arco Vara Kinnisvarabüroo AS ja Arco Imoti EOOD - eraldamiseks Arco Vara grupist. Käesoleva börsiteate avaldamise hetkeks on tehingud lõpule viidud: Arco Vara Kinnisvarabüroo AS ja Arco Imoti EOOD ei kuulu enam Arco Vara AS-ile ning alates 01.01.2019 hakkasid kehtima litsentsilepingud, mille alusel eelnimetatud äriühingud on õigustatud osutama kinnisvara vahendamis- ja hindamisteenuseid Arco Vara kaubamärgi all. Arco Vara Kinnisvarabüroo AS-i omandasid võrdsetes osades St Elmar Invest OÜ ja OÜ River Kinnisvara. St Elmar Invest OÜ kuulub alates 2018. aasta algusest Arco Vara Kinnisvarabüroo AS-i juhatuses olnud Elari Tamm'ele. Arco Imoti EOOD-i omandas ainuisikuliselt Evgeni Plamenov Vasilev, kes on Arco Vara Bulgaaria kinnisvarabüroo pikaajaline juht. Kõnealuste tütarühingute osaluste müügi kogumaksumuseks oli 300 000 eurot, mis on tänaseks tasutud. Litsentsilepingute alusel hakkab Arco Vara AS saama käibepõhist litsentsitasu. Grupi konsolideeritud käibest andsid müüdud ettevõtted kokku 2017. aasta auditeeritud andmetel 2,3 mln eurot (12,5%, sellest eraldiseisvalt Eesti kinnisvarabüroo 8,8% ja Bulgaaria kinnisvarabüroo 3,7%). Kuna mõlemad müüdud ettevõtted on viimastel perioodidel tegutsenud nullilähedase tulemiga ning nende bilansimahud on väikesed, siis grupi kasumile, varadele ja kohustustele nende grupist eraldumine olulist mõju ei avalda. Evelin Kanter Peajurist Arco Vara AS Tel: +372 614 4594 [email protected] (mailto:[email protected]) http://www.arcorealestate.com
Content of announcement in English
Title
The process of separating Estonian and Bulgarian real estate agencies of Arco Vara from Arco Vara group has been completed
Message
On 1 November, 2018, Arco Vara AS informed about the conclusion of agreements for separating from Arco Vara group its two 100% subsidiaries, Arco Vara Kinnisvarabüroo and Arco Imoti EOOD. As of disclosing the current announcement, the transactions have been completed: Arco Vara Kinnisvarabüroo AS and Arco Imoti EOOD are no longer part of Arco Vara group and as of 1 January, 2019, license agreements have entered into force, according to which the former subsidiaries have a right to provide real estate brokerage and evaluation services under Arco Vara trademark. Arco Vara Kinnisvarabüroo AS was acquired in equal parts by St Elmar Invest OÜ and OÜ River Kinnisvara. St Elmar Invest OÜ is controlled by Elari Tamm who has been the member of Arco Vara Kinnisvarabüroo AS from the beginning of January 2018. Arco Imoti EOOD was acquired fully by Evgeni Plamenov Vasilev who has been a long term manager of Arco Imoti EOOD. The total consideration from selling the shareholdings in the aforementioned subsidiaries was 300,000 EUR and has already been paid. Under the license agreements, Arco Vara AS will be receiving turnover-based license fee. According to 2017 audited results, the sold subsidiaries made up 2,3M EUR of the group's turnover (12,5%, out of which Estonian real estate agency 8,8% and Bulgarian real estate agency 3,7%). During last periods both subsidiaries have been operating close to zero results, therefore their separation from the group will not have significant effect on the group's profit, assets and obligations. Evelin Kanter CLO Arco Vara AS Tel: +372 614 4594 [email protected] (mailto:[email protected]) http://www.arcorealestate.com