Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Following announcement in March last year on the Indian tax authorities conducting search and seizure operation at the offices of Elbit Plaza India Management Services Private Ltd, says EPIM receives a "favourable order". Says the probe for one of the three years under investigation is completed without imposing any liability on EPIM. "Inquiry into the remaining periods of the investigation is continuing and the company will update on any development," Plaza Centers says. EPIM is a private company wholly owned by Elbit Plaza India Real Estate Holdings Ltd.
In June last year, Elbit Imaging Ltd said it had reduced its shareholding in Plaza Centers to around 20%, after selling 14,600 shares for around ILS23,000, or GBP,4857, since the announcement in March of the probe into EPIM. In June this year, Plaza Centers said Elbit Imaging sold all remaining shares.
Current stock price: 50.00 pence
12-month change: down 99%
By Greg Rosenvinge, Alliance News senior reporter
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Plaza (PLAZ)