Arco Investeeringute AS, a 100% subsidiary of Arco Vara AS, merged with its 100% subsidiary Arco Vara Kinnistute AS. As a result of the merger Arco Vara Kinnistute AS was dissolved, while Arco Investeeringute AS became its legal successor. Such structural streamlining does not have any significant impact on the activities of the Arco Vara AS Group or Arco Investeeringute AS. Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 18 cities and employs ca 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. Arco Vara AS
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Arco Vara AS entered into a preliminary agreement for the sale of a 75% stake in Botanica Lozen EOOD
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