Plaza Centers Faces EUR 96M Arbitration Claim

Plaza Centers N.V. (GB:PLAZ) has released an update.

Plaza Centers N.V., a real estate company listed on multiple stock exchanges, has received a notice to start arbitration under the London Court of International Arbitration rules, with the Romanian Ministry of Finance seeking compensation of approximately EUR 96 million. The company, alongside Elbit Imaging Ltd and a third-party investor, is currently reviewing the details of the arbitration notice.

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