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Plaza Centers N.V. ( (GB:PLAZ) ) has issued an announcement.
Plaza Centers N.V. reported a €3.5 million loss for the first half of 2025, an improvement from the €8.9 million loss in the same period of 2024. The company is facing liquidity challenges, with a reduced cash position of €2.2 million and outstanding bond obligations of €162.7 million. Plaza is seeking bondholder approval to postpone debt repayments and is involved in arbitration with Romania over the Casa Radio Project, which remains a strategic priority. A settlement was reached in a lawsuit related to a 2011 U.S. real estate transaction, resulting in a compensation of €0.3 million.
More about Plaza Centers N.V.
Plaza Centers N.V. is a real estate development company listed on the London, Warsaw, and Tel Aviv Stock Exchanges. The company focuses on developing large-scale, mixed-use retail and entertainment centers in emerging markets, with a significant project being the Casa Radio Project in Bucharest, Romania.
Find detailed analytics on PLAZ stock on TipRanks’ Stock Analysis page.