Kyiv-based Arricano Real Estate, which develops shopping and entertainment properties, will buy back its own shares, totaling a 12.51% stake, from Ukrainian investment firm Dragon Capital so it can introduce an investor from the US.
Arricano, which says it has the biggest portfolio of completed shopping malls in Ukraine, didn't name the US investor in a press release distributed by Dragon Capital.
Arricano wasn't immediately available for comment, but Ukraine Rebuild Newswire has requested an interview on the subject. Although the size of the stake wasn't disclosed in the release, a company representative told URN that it was 12.51%.
