At the creditors meeting today, the District court of Stockholm ruled that the reorganization of Ruric shall continue.
The company and the administrator will now work out a detailed reorganization plan to be presented to the creditors.
Russian Real Estate Investment Company AB (publ)
For further information
Craig Anderson, CEO
Phone +7 812 703 35 50
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