ΜΠΑΜΠΗΣ ΒΩΒΟΣ Α.Ε.
Update regarding the Votanikos project
The management of BVIC announces that on 18 March 2009, the Suspension Committee of the Plenary of the Council of State issued its decision not to accept the appeal for the retraction of the suspension of construction works of the shopping mall in Votanikos (decision 57/2009), submitted by the Company on the 28 January, 2009.
The hearing for the appeal against the building permit for the shopping mall in Votanikos was held on the 6 March, 2009 before the Plenary of the Council of State, and today was the deadline for the submission of the memorandums of the intervening parties. We anticipate that the Plenary will reconvene in mid-April, in order to issue a verdict upon the case.
In the normal course of business, the company is continuing its negotiations with the banks in order to extend the maturity of its short-term debt into long-term debt, irrespective of the delays in the Votanikos project.
The hearing for the appeal against the building permit for the shopping mall in Votanikos was held on the 6 March, 2009 before the Plenary of the Council of State, and today was the deadline for the submission of the memorandums of the intervening parties. We anticipate that the Plenary will reconvene in mid-April, in order to issue a verdict upon the case.
In the normal course of business, the company is continuing its negotiations with the banks in order to extend the maturity of its short-term debt into long-term debt, irrespective of the delays in the Votanikos project.