News
- 27.08.2010: INTERIM REPORT SECOND QUARTER AND SIX MONTHS 2010
- 05.08.2010: Explanation by Arco Vara to the information published this morning on entering
- 28.06.2010: Authorisation for use was granted to project of Arco Vara in Sofia
- 28.05.2010: FIRST QUARTER AND THREE MONTHS 2010 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)
- 26.05.2010: Indrek Porila has began another litigation against Arco Vara AS
News
22.05.2009: Arco Vara Group increased its shareholding in development project „Bišumuiža 2” in Latvia
Arco Vara Group increased its shareholding in development project „Bišumuiža 2” in Latvia
Arco Investeeringute AS, a subsidiary of Arco Vara AS, increased its shareholding in Bišumuižas Nami SIA from 40% to 49.4%. It was a non-cash transaction where two of the biggest sponsors of the project converted their subordinated loans to equity.
After the transaction 50.0% of Bišumuižas Nami SIA shares belong to SIA Linstow Baltic, 49.4% to Arco Investeeringute AS and 0.6% to SIA Mazais Baltezers that is controlled by Mr. Viktors Savins.
SIA Mazais Baltezers will have an option to buy from Arco Investeeringute AS 9.4% of the shares at face value.
Bišumuižas Nami SIA controls 100% a company Sportings Riga SIA that has a residential district project in Riga called “Bišumuiža 2”.
Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 17 cities and employs ca 240 people.
Arco Vara AS is listed on Tallinn Stock Exchange.
Arco Vara AS
