RNS Number : 8787P
Nanette Real Estate Group N.V.
01 April 2009
1st April, 2009
Nanette Real Estate Group NV
'Nanette' or 'the Company'
New Independent 3rd Party Valuation of Nanette
Nanette Real Estate Group, Central & Eastern European focused residential real estate developer, notes that on the 31.3.2009, Olimpia Real Estate Holdings Ltd. ('Olimpia'), (in which Oskar Kazanelson, the Company's CEO, serves as the Chairman of the Board, and is also part of the controlling group, of Olimpia shareholders) which currently holds 32.29% of Nanette's issued share capital, has today published its financial results for the year ended 31 December 2008.
These results include reference to an independent valuation made by Giza Singer Even Ltd, of Olimplia including a valuation of Nanette.
This valuation values the issued ordinary share capital of Nanette at €115.4m as at 31 March 2009
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ENQUIRIES:
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Nanette Real Estate Group
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Shaul Lotan
Eyal Keltsh
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+ 31 20 778 4141
+ 48 606 141 201
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Global Equity IR
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Amira Bardichev
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+44-(0)7956 206 270
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KBC Peel Hunt
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Capel Irwin
Nicholas Marren
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+44 (020) 7418 8900
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This information is provided by RNS
The company news service from the London Stock Exchange
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