Plaza Centers N.V. UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA (8418F)
12 Julio 2023 - 10:38AM
UK Regulatory
TIDMPLAZ
RNS Number : 8418F
Plaza Centers N.V.
12 July 2023
12 July 2023
P LA ZA C E NTE RS N . V.
UPDATE REGARDING ARBITRATION PROCESS AGAINST ROMANIA WITH
RESPECT TO THE "CASA RADIO" PROJECT
Plaza Centers N.V. (" Plaza " or the " Company ") announces
today that on 12 July 2023, Plaza and Dambovita Center SRL (a
subsidiary of Plaza and the Project Company in charge of the Casa
Radio Project) received a notice of default from the Ministry of
Finance under the public-private partnership contract governing the
Casa Radio Project. The Company denies all claims formulated by the
Ministry of Finance, including any made in the ongoing ICSID
arbitration with Romania.
Ends
For further details, please contact:
Plaza
Ron Hadassi, Executive Director +972 526 076 236
Notes to Editors
Plaza Centers N.V. ( www.plazacenters.com ) is listed on the
Main Board of the London Stock Exchange, on the Warsaw Stock
Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and on the Tel Aviv
Stock Exchange.
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END
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