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Plaza Centers Says Subsidiary Faces EUR2.9 Million Court Case Claim

16th May 2018 18:09

LONDON (Alliance News) - Plaza Centers NV said Wednesday that its Greek subsidiary Helios Plaza AE has been hit by a legal claim filed by a third party.

The claimant is claiming EUR2.9 million and has filed for an injunction based on a "controversial agreement" from 2010.

In 2017, Plaza Centers generated a EUR25.6 million pretax loss on revenue of EUR193.0 million.

The company said it is examining the claim with its legal advisors.

Plaza Centers shares closed flat at 80.00 pence on Wednesday.


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