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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Argo Real Est. | LSE:AREO | London | Ordinary Share | GB00B17PFQ50 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.02 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2020 to Feb 2025
TIDMAREO
RNS Number : 9413I
Argo Real Estate Opportunities Fd
09 July 2013
9 July 2013
Argo Real Estate Opportunities Fund Limited
("AREOF" or "the Company")
Statement Re: Initiation of Legal Proceedings in Romania
The Company announces that it has commenced legal proceedings in the Romanian courts against New Europe Property Investments plc ("NEPI") and Osterreichische Volksbanken-Aktiengesellschaft ("Volksbank"). NEPI is a competitor to AREOF in Romania. Volksbank is a lender to AREOF's Sibiu Shopping City ("SSC") retail park in the Romanian city of Sibiu.
AREOF's legal claim in Romania relates to (i) the unlawful use and dissemination of confidential information regarding SSC; (ii) damaging public statements that have been made regarding SSC and; (iii) unfair competition that AREOF has suffered in Romania in relation to SSC.
The Company's Investment Manager has significant experience of dealing with legal situations of this kind and will take all actions necessary to protect the Company's assets.
Enquiries:
Argo Real Estate Opportunities Fund Limited David Clark, Chairman +44 (0)1481 231101 finnCap Limited (Nominated Adviser) Matthew Robinson Henrik Persson +44 (0) 207 220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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