UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA
Summary by AI BETAClose X
Plaza Centers N.V. has provided an update on its arbitration proceedings against Romania concerning the Casa Radio project, indicating that the International Centre for the Settlement of Investment Disputes is expected to issue its award in February or early March 2026. This development follows the company's previous announcement on November 19th, 2025, and the timing of this award could significantly impact the company's financial outlook.
Plaza Centers N.V.
16 January 2026
January 16th, 2026
PLAZA CENTERS N.V.
UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT
Further to its last announcement dated November 19th, 2025, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, regarding the ongoing arbitration proceedings before the International Centre for the Settlement of Investment Disputes initiated by the Company in relation to the Casa Radio / Dâmbovița Center Project in Bucharest, and further to the Company's request for an update on the expected timing of the Tribunal's award, the Tribunal has indicated that its award is anticipated to be issued in the course of February or early March 2026.
For further details, please contact:
Plaza
Ron Hadassi, Executive Director; 972-526-076-236
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (WSE: "PLZ/PLAZACNTR") and on the Tel Aviv Stock Exchange ("PLAZ").
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