Update On The Pre-sale Of Dambovita Center Project
Plaza Centers N.V. has announced an addendum to its pre-sale agreement with AFI Europe N.V. for the sale of its indirect shareholdings in the Dambovita Center Project, also known as "Casa Radio." This addendum extends the Long Stop Date, the deadline for executing a share purchase agreement subject to conditions precedent, to December 31, 2026. The company cautions that there is no certainty the share purchase agreement will be executed or that the transaction will be consummated.
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UPDATE REGARDING THE PRE-SALE AGREEMENT FOR THE SALE OF THE COMPANY'S INDIRECT SHAREHOLDINGS IN THE DAMBOVITA CENTER PROJECT ("CASA RADIO")
Plaza Centers N.V. ("Plaza" or the "Company") announced today that further to its previous announcement dated December 5, 2024 regarding the pre-sale agreement (the "Agreement") with AFI Europe N.V ("AFI" and together with the Company, the "Parties") for the sale of its subsidiary (the "SPV") which holds 75% in the Casa Radio Project (the "Project"); that the Parties have signed an addendum to the Agreement (the "Addendum") which pursuant to the Addendum the Parties agreed to extend the Long Stop Date, which is the date on which the parties will execute a share purchase agreement, subject to the satisfaction of conditions precedent (the "SPA"), until December 31, 2026.
There can be no certainty that the SPA will eventually be executed and/or that the Transaction will be consummated as presented above or at all.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.