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0GZL Arco Vara As

1.40
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arco Vara As LSE:0GZL London Ordinary Share EE3100034653 ARCO VARA ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 18.34M 3.55M 0.3417 4.10 14.54M

Arco Vara AS extended the licence agreement in Bulgaria

07/10/2022 7:51am

GlobeNewswire Inc.


Arco Vara As (LSE:0GZL)
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Arco Vara AS extended the licence agreement in Bulgaria

Arco Vara AS sells brand licenses to real estate agencies in Estonia, Latvia and Bulgaria. At the bilateral initiative of the parties, the agreement was tentatively extended until December 31, 2028.

CEO of Arco Vara Miko Niinemäe's comment: „Bulgarian real estate brokerage bureau has shown desire to grow and has proved it with increasing revenue numbers. Due to Arco Imoti’s plan to expand on the Bulgarian market, we have already signed a contract extension to encourage the work of the local team and ensure Arco Vara’s support.“

The Estonian and Latvian agreements last until December 31, 2023 and are subject to review next year.

Tiina Malm CFO Arco Vara AS Tel: +372 614 4630 tiina.malm@arcovara.com

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