Arricano Real Estate Plc issues an update on disposal of assets

  • Jan 08, 2020 GMT
  • Team Kalkine
  • The company has announced in July 2019 that it is in advanced stage of negotiations with dragon Capital Investments Ltd (DCI) in relation to the sale of two of its shopping and entertainment centres in Ukraine
  • The company wants to optimize the operations of each property within its portfolio of Kyiv.
  • The management team of Arricano has developed upgraded strategies for the Sun Gallery and City Mall SECs,
  • As a result, the negotiations with DCI are not proceeding.
  • On 8th January 2020, at the time of writing, GMT 08:05 AM, ARO shares were trading at USD 0.45, flat against the previous day closing price.

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