RURIC: Ruric receives Moika-Glinki investment contract cancellation

(Thomson Reuters ONE) -


PRESS RELEASE / November 23, 2012



Ruric receives Moika-Glinki investment contract cancellation

On November 20, 2012 Ruric Management received a notification from the Ministry
of Defence cancelling the Moika-Glinki Investment contract. The cancellation is
done without arbitration.
The document received does not mention compensation for investment expenses.
Ruric Management has asked for arbitration at Arbitral Court of Moscow. First
hearing will be December 10, 2012.



For additional information

Ingvar Ljungqvist, CEO
Phone       +46 8 509 001 01
Email           iljungqvist(at)ruric.com


Web             www.ruric.com


ABOUT RURIC

Ruric's business strategy is to manage real estate in the center of St
Petersburg. In addition Ruric shall also acquire real estate and implement value
creating additional investments at attractive conditions. Through professional
management and good tenant relations spaces of high class are offered to tenants
looking for possible spaces in central locations willing to pay for it. Ruric
offers primarily office- and retail premises.

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




Ruric receives Moika-Glinki investment contract cancellation:
http://hugin.info/141656/R/1660198/537603.pdf



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Source: Russian Real Estate Investment Company via Thomson Reuters ONE

[HUG#1660198]

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Datum: 23.11.2012 - 09:08 Uhr
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News-ID 206278
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