ECDC Eur.Conv.Dev

TIDMECDC

RNS Number : 0580M

European Convergence Develop. CoPLC

10 August 2011

10 August 2011

EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC ("ECDC" OR "THE COMPANY")

ERA Shopping Parks, Iasi & Oradea

ECDC announces that Argo Real Estate Opportunities Fund Limited ("Argo") has recently informed its shareholders that, subject to shareholder approval, it intends to acquire the ERA Shopping Park in Oradea, Romania and the ERA Shopping Park in Iasi, Romania (the "Shopping Parks"). The shares will be acquired from a fund managed by Argo Capital Management Cyprus Limited which is an associate of Argo's investment manager and such acquisition will in no way affect the Company's investment in the Shopping Parks.

Enquiries:

 
 European Convergence Development Company 
  plc                                         +44 (0)1624 640200 
 Anderson Whamond 
 
                                              +44 (0)207 518 
 Charlemagne Capital                           2100 
 Varda Lotan / Christopher Fitzwilliam Lay 
 
 Galileo Fund Services Limited                +44 (0)1624 692600 
 Ian Dungate, Company Secretary 
 
 Panmure Gordon                               44 (0)20 7459 
                                               3600 
 Hugh Morgan 
 Abhishek Majumdar 
 
 Smithfield Consultants                       +44 (0)20 7360 
                                               4900 
 John Kiely 
 Gemma Froggatt 
 

Website: www.europeanconvergencedevelopment.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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