17th Feb 2020 12:50
(Alliance News) - Property firm Plaza Centers NV on Monday said it has agreed to sell a property in Brasov, Romania.
Plaza Centers said an indirect subsidiary on Friday struck a deal to sell the property for EUR623,952.
On Monday, the company added that a legal motion with one of its shareholders at a court in Tel-Aviv, Israel has been closed.
In March 2018, the company received a request from a shareholder to reveal internal documents related to "events surrounding certain agreements" at the Casa Radio building in Bucharest.
In July last year, Plaza Centers said it signed a pre-sale agreement to dispose of its stake in Casa Radio for EUR60 million.
Plaza Centers said it reached an agreement with the shareholder to reveal some documents which he requested.
The company added: "On February 16, 2020, the District Court in Tel-Aviv, Israel, decided that since there is no dispute between the parties that the motion was answered as the shareholder received some of the documents requested by him, and he is not about to receive additional documents; that the motion will be closed without an order for expenses."
Shares in the company were untraded in London on Monday morning, last quoted at 37.50 pence each.
By Eric Cunha; [email protected]
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