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
10.03.2010: Arco Investeeringut AS sold shares of Arco Vara Saare Kinnistud OÜ
Arco Vara AS 100-percent subsidiary Arco Investeeringute AS sold its shares of Arco Vara Saare Kinnistute OÜ (50% related company of Arco Investeeringute AS) with the share capital of 200 000 kroons (12 782 euros). The transaction is following strategic approach to exit from operations and activities which are not under full control and management of the Company. The value of the transaction was 6 000 000 kroons (383 470 euros).
This transaction is not considered as a transaction with a related person within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Rules. The transaction does not have material economical effect on the activities of Arco Vara Group and does not qualify as an acquisition of significant holding. The members of the supervisory board and the management board of Arco Vara AS have no other personal interest in the transaction.
Founded in 1992 Arco Vara is one of the leading property developers in the Baltic States. The main business of the company is property development, which is supported by the group's own property brokering, valuation, construction and property management units. The company has representative offices in 17 towns across Estonia, Latvia, Ukraine and Bulgaria. The Group has a staff of ca 170.
1 EUR=15.6466 EEK
Lembit Tampere
Member of the management board
Arco Vara AS
Phone: +372 614 4630
info@arcovara.ee
http://www.arcorealestate.com/
