Plaza Centers Says Subsidiary Faces EUR2.9 Million Court Case Claim

LONDON (Alliance News) - Plaza Centers NV said Wednesday that its Greek subsidiary Helios Plaza ...

Alliance News 16 May, 2018 | 6:09PM
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LONDON (Alliance News) - Plaza Centers NV said Wednesday that its Greek subsidiary Helios Plaza AE has been hit by a legal claim filed by a third party.

The claimant is claiming EUR2.9 million and has filed for an injunction based on a "controversial agreement" from 2010.

In 2017, Plaza Centers generated a EUR25.6 million pretax loss on revenue of EUR193.0 million.

The company said it is examining the claim with its legal advisors.

Plaza Centers shares closed flat at 80.00 pence on Wednesday.

By Elena Cherubini; elenacherubini@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Plaza Centers NV 80.00 GBX 0.00 -
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