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Kimberly Enterprises still negotiating with Belgrade over Marina Dorcol

Wed, 27th Jul 2016 13:40

(ShareCast News) - Kimberly Enterprises announced on Wednesday that it has received a unilateral termination of the lease agreement over the Marina Dorcol Project in Belgrade, Serbia, from the Municipality of Belgrade.It follows a notice requesting the termination of the lease agreement, which Kimberly announced on 6 June.The AIM-traded company said it is still in negotiations with the municipality in order to determine the level and timing of the compensation as a result of the above termination.As previously announced, the net cash flow and the timing to conclude the settlement with the Municipality cannot be predicted with any certainty.In the announcement on 6 June, Kimberly said it expected a positive net cash flow as a result of restitution of the amounts it has paid in respect of the marina project.At the time, it estimated a decrease of the non-current assets by €25.6m, a decrease of the current liabilities by €36.2m, a decrease of the non-current liabilities by €7.8m, and an increase of the company's equity by €18.4m.
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24 Feb 2015 11:34

Kimberly Enterprises Plunges On Delay To Czech Republic Land Sale

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19 Jan 2015 12:00

UK MIDDAY BRIEFING: John Laing Group Joins London IPO Pipeline

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19 Jan 2015 11:14

UK WINNERS & LOSERS: BP And Shell Fall On JP Morgan Downgrades

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19 Jan 2015 09:32

Kimberly Enterprises Jumps 90% On Sale Of Czech Republic Land

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28 Aug 2014 13:25

Kimberly Enterprises Loss Narrows, But Still Financially Weak

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19 Jun 2014 08:39

Kimberly Enterprises Appoints Liron Or As CEO, Replacing Gad Raveh

LONDON (Alliance News) - Kimberly Enterprises NV Thursday said it had appointed Liron Or as chief executive officer with immediate effect. The Netherlands-based real-estate development company said that Or replaces Gad Raveh. Or has previously served in a number of senior positions in

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17 Jun 2014 15:28

Kimberly Enterprises Shareholders Pass Executive Appointments

LONDON (Alliance News) - Kimberly Enterprises NV said Tuesday that shareholders had passed resolutions at an extraordinary general meeting to appoint Dov Luxenburg and Oded Shamir to replace Chief Executive Gad Raveh and Executive Director Moshe Naveh. Luxenburg is chief executive of Engel

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2 Jun 2014 17:29

Kimberly Enterprises Shareholder Seeking To Oust Chief Executive

LONDON (Alliance News) - Netherlands real-estate development company Kimberly Enterprises N.V said Monday that major shareholder Engel General Developers Ltd has written to shareholders convening an extraordinary general meeting, seeking to oust Chief Executive Gad Raveh and Executive Director Mo

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31 Mar 2014 12:59

Kimberly Enterprises Loss Widens In 2013; Shrinks Current Assets

LONDON (Alliance News) - AIM-listed Eastern European property developer Kimberly Enterprises NV Monday said its losses widened in 2013, despite an increase in revenue, partly due to a lower positive revaluation of investment properties. The Netherlands-based real-estate development company

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17 Mar 2014 12:49

CORRECT: UK MIDDAY BRIEFING: Housebuilders Lead FTSE 350 On More Help-To-Buy

(Correcting direction of FTSE 250 index.) LONDON (Alliance News) - Housebuilders lead a surprisingly upbeat UK equities market Monday, occupying six of the top ten spaces in the FTSE 350, buoyed by an extension to the UK government's Help to Buy scheme.

Chancellor George Osbor

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17 Mar 2014 12:45

UK MIDDAY BRIEFING: Housebuilders Lead FTSE 350 On More Help-To-Buy

LONDON (Alliance News) - Housebuilders lead a surprisingly upbeat UK equities market Monday, occupying six of the top ten spaces in the FTSE 350, buoyed by an extension to the UK government's Help to Buy scheme.

Chancellor George Osborne confirmed that the government's flagship Help

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17 Mar 2014 11:57

UK WINNERS & LOSERS: Housebuilders Jump; Supermarkets Fall Again

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

Persimmon, up 4.7%. The housebuilder's share price has jumped following c

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17 Mar 2014 10:33

Kimberley Enterprises Says Hasn't Yet Received Disposal Proceeds

LONDON (Alliance News) - Shares in Kimberly Enterprises NV tumbled Monday after the property developer said its financial condition remains weak, as it has not yet received the sale proceeds from disposals from its joint ventures. Kimberly Enterprises shares were down 22% Monday morning, af

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7 Nov 2013 13:15

Kimberly Enterprises Sells Poland Development For EUR850,000

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