Plaza Centers N.V. (GB:PLAZ) has released an update.
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Plaza Centers N.V. has countered claims made by the Romanian Ministry of Finance in an ongoing arbitration over the ‘Casa Radio’ project, seeking damages for alleged breaches of their Public-Private Partnership Agreement. The company holds a 75% stake in the project and is contesting the loss of its value. The arbitration hearing is set to begin in November 2024.
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