XXI Century Investments Subsidiary Extends Bank Guarantee For Ukraine Project - Finance News - London South East

XXI Century Investments Subsidiary Extends Bank Guarantee For Ukraine Project - Finance News - London South East:

"XXI Century Investments Public Limited Friday said its subsidiary Mriya-Invest has extended its exchange of bank guarantees with a subsidiary of Auchan SA, a supermarket retail chain based in France and an unnamed French DIY operator.

Mriya-Invest and Auchan SA signed an investment agreement regarding the development of the Vyrlitsa Project in Kyiv, Ukraine last year.

Earlier this year Mriya-Invest signed a separate investment agreement with a French DIY operator, established in Ukraine, also regarding the development of the Vyrlitsa Project.

XXI Centruy said the parties to the two agreements have agreed to further extend the exchange of bank guarantees up to 31 December 2013.

The stock closed at 1.75 pence Friday, down 0.12 pence or 6.7%."

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