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
9863
Submission date and time
07.10.2022 09:51:41
Content of announcement in Estonian
Title
Arco Vara AS pikendas Bulgaarias litsentsilepingut
Message
Arco Vara AS müüb kaubamärgi litsentsi kinnisvarabüroodele Eestis, Lätis ja Bulgaarias. Osapoolte kahepoolsel initsiatiivil pikendati ettevaatavalt lepingut Bulgaaria ettevõttega Arco Imoti EOOD 31. detsembrini 2028. aastal. Arco Vara juht Miko Niinemäe kommentaar: ?Bulgaaria kinnisvarabüroo on näidanud selget soovi kasvada ja tõestanud seda ka tõusvate käibenumbritega. Seoses Arco Imoti plaaniga Bulgaaria siseselt veelgi laieneda, sõlmisime juba lepingupikenduse, et sealse meeskonna tööd innustada ja kindlustada Arco Vara poolt nende tagalat." Eesti ja Läti lepingud kestavad kuni 31. detsembrini 2023 ja kuuluvad ülevaatamisele järgmisel aastal. Tiina Malm Finantsjuht Arco Vara AS Tel: +372 614 4630 [email protected] (https://www.globenewswire.com/Tracker?data=ubj1SK5s7QpuXWlDix3gOlPOimeTzFI04mnq FaeOqlaEIU-Aagh7d35LTo3YvSJ2A9qHjhdmf5FHWiY2lin_7cGIjeAkNb4ss5_SQxTnTfQ=)
Content of announcement in English
Title
Arco Vara AS extended the licence agreement in Bulgaria
Message
Arco Vara AS sells brand licenses to real estate agencies in Estonia, Latvia and Bulgaria. At the bilateral initiative of the parties, the agreement was tentatively extended until December 31, 2028. CEO of Arco Vara Miko Niinemäe's comment: ?Bulgarian real estate brokerage bureau has shown desire to grow and has proved it with increasing revenue numbers. Due to Arco Imoti's plan to expand on the Bulgarian market, we have already signed a contract extension to encourage the work of the local team and ensure Arco Vara's support." The Estonian and Latvian agreements last until December 31, 2023 and are subject to review next year. Tiina Malm CFO Arco Vara AS Tel: +372 614 4630 [email protected] (https://www.globenewswire.com/Tracker?data=ubj1SK5s7QpuXWlDix3gOlPOimeTzFI04mnq FaeOqlaEIU-Aagh7d35LTo3YvSJ2A9qHjhdmf5FHWiY2lin_7cGIjeAkNb4ss5_SQxTnTfQ=)