Arricano Real Estate PLC (Cyprus) and Dragon Capital have reached an agreement according to which Arricano will buy back its shares, the purpose of the transaction is to introduce a new American investor into the company. This was reported by Interfax-Ukraine with a link to the company's press service.
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Arricano specializes in the construction of shopping and entertainment centers and is one of the leading developers in the Ukrainian real estate market. Owns and manages five shopping centers in the country with a total area of 147.6 thousand square meters. m: “RayON” and “Prospekt” in Kyiv, “Sunny Gallery” in Krivoy Rog, City Mall in Zaporozhye. The company also owns 49.9% in the Sky Mall shopping center (Kyiv) and land plots for the further construction of three facilities that are at the design stage. The company is also constructing the Lukianivka shopping mall in Kiev.
According to the report, in the first half of 2022, the largest shareholder was Estonian Rauno Teder, who increased his stake to 70.86% from 15.92% after his father Hillar Teder transferred his share to him.
Arricano shares were listed on the London Stock Exchange in 2013 and were delisted due to the war. In addition to Dragon Capital, Arricano has attracted foreign investment from various reputable international investment banks, including Goldman Sachs and Morgan Stanley clients.