Press Release
Prague, 18 April 2014
Orco Property Group S.A. ("OPG") announces that on 17 April 2014 it has concluded an agreement with Bank Polska Kasa Opieki S.A. ("PEKAO") for the acquisition of loan receivables and collateral related to the Zlota project in Warsaw. The acquisition of the loan receivables from PEKAO is funded by a bridge loan, until OPG disposes of some of its liquid assets as previously announced.
Under the terms of the agreement, subject to fulfilment of certain conditions, OPG will purchase all pecuniary receivables of PEKAO from Orco Property sp. z o.o., holding company of the Zlota project, together with all PEKAO's collateral and security under the facility agreement and related documentation.
For more information please, visit www.orcogroup.com
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