Decision on compulsory composition proceedings

(Thomson Reuters ONE) -


The District Court of Stockholm has decided to initiate a composition proceeding
and that the creditors´ meeting during the composition proceeding will take
place at the court on March 26, 2010 at 13.30.

Russian Real Estate Investment Company AB (publ)

For further information

Roland Sundqvist, attorney/administrator, G Grönberg Advokatbyrå, phone +46
8 614 49 64, e-mail: roland.sundqvist(at)gronberg.se


Craig Anderson, CEO
Phone                 +7 812 703 35 50                         (St. Petersburg)
Phone                 +46 8 509 00 100                          (Stockholm)
e-mail                 craig(at)ruric.com

ABOUT RURIC
Ruric's business concept is to acquire, develop, manage, lease out and divest
real estate assets in St. Petersburg, Russia, offering top-quality commercial
premises in the best locations, thus contributing to the successful business
performance of its tenants. The company's vision is to become a leading real
estate company in central St. Petersburg.

The company's strategy is to identify high-potential real estate in the city
centre of St. Petersburg, structure appropriate deals and acquire at best price.
After renovation top-notch commercial space is offered to tenants seeking the
best possible premises and that are willing to pay for such premises.

Ruric's Certified Advisor on First North is Erik Penser Bankaktiebolag


[HUG#1390861]





Press release: http://hugin.info/141656/R/1390861/348823.pdf

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Datum: 04.03.2010 - 10:07 Uhr
Sprache: Deutsch
News-ID 13152
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