Update Re Arbitration Process Against Romania
Plaza Centers N.V. has announced an update regarding arbitration proceedings initiated by the Ministry of Finance of Romania concerning the Casa Radio project. Romania has filed a further version of its Statement of Claim, which presents the alleged losses, previously reported as approximately EUR 2 billion, in an alternative formulation rather than cumulatively. Plaza Centers remains committed to protecting shareholder interests and is unable to reliably assess the potential financial impact of this arbitration at this time.
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Further to its last announcement dated October 28th, 2025, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, regarding the ongoing arbitration proceedings before the London Court of International Arbitration (LCIA) initiated by the Ministry of Finance of Romania ("Romania") in relation to the Casa Radio / Dâmbovița Center Project in Bucharest, Romania filed a further version of its Statement of Claim today.
This further version of the Statement of Claim provides a different formulation of the relief sought by Romania. The alleged losses claimed by Romania, which was reported in Plaza's announcement dated October 28th, 2025 to be c. EUR 2 billion in total, are no longer presented cumulatively, with particular alleged losses now described as alternatives.
Plaza remains committed to protecting the interests of its shareholders and continues to comply with all applicable disclosure obligations as a listed company and to respect the confidentiality of the arbitral process. At this stage, the Company cannot reliably assess the potential financial impact of the arbitration.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.