Ablon Group Limited Inter-group transfer of funds (9633B)
April 10 2013 - 2:00AM
UK Regulatory
TIDMABL
RNS Number : 9633B
Ablon Group Limited
09 April 2013
10 April 2013
ABLON Group Limited
("ABLON" or the "Company")
Inter-group transfer of funds
The Company is pleased to confirm its cooperation agreement with
CPI Group a.s. ("CPI") to transfer any excess financial liquidity
to CPI, which is in the closing stages of its successful cash offer
for the Company, and which should result in increased yields for
the Group. As a first step, Ablon transferred EUR3.8 million to CPI
on 5 April 2013."
Enquiries:
Alex Borrelli / Adrienn Lovro
Ablon Group Limited
+44 7747 020 600/+36 1 225 6600
About ABLON Group Limited
Founded in 1993 in Budapest (Hungary), ABLON and its
subsidiaries (together the "ABLON Group") has properties at 33
locations, of which there are 15 completed projects and 23
development projects in Budapest, Prague, Bucharest and Warsaw. Its
portfolio comprises a diversified mix of office, residential,
retail, logistics and hotel developments valued at approximately
EUR370 million by external independent appraiser (Colliers
International) as at 31 December 2012. The ABLON Group had, as at
31 December 2012, approximately 208,800 square metres of existing
and income generating office, residential, hotel, retail and
logistics assets (at 15 locations) in Budapest and Prague, with a
significant development land bank comprising a further circa.
1,164,500 square metres (at 23 locations) in Budapest, Prague,
Bucharest and Warsaw. ABLON's shares are traded on the Main Market
of the London Stock Exchange under the ticker 'ABL'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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