THE ANTITRUST Bureau (PMÚ) has approved the sale to the Spanish developer Rodamco of 50 percent in Aupark, Slovakia's largest shopping mall chain.
The Filwood Holdings Limited company of Cyprus, which sold the stake to Rodamco for around €75 million (Sk2.8 billion), will keep the remaining 50 percent.
Rodamco has an option to increase its stake in Aupark. The Slovak company HB Reavis Group, which represented Filwood in developing and managing the Aupark projects, has agreed to cooperate with Rodamco on future shopping mall projects.
Ivan Valent, the head of HB Reavis Group, said the aim was to build an Aupark network around Slovakia in the next 10-15 years.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
13. Apr 2006 at 11:50