Livermore Investments Group has announced that it has acquired 905,000 issued ordinary shares in Atlas Estates to increase its stake in the real estate investment and development company by 1.85% to over 10%. Both Livermore and Atlas are listed on London's junior AIM market.
Livermore Investments Group has announced that it has acquired 905,000 issued ordinary shares in Atlas Estates to increase its stake in the real estate investment and development company by 1.85% to over 10%. Both Livermore and Atlas are listed on London's junior AIM market.
Atlas Estates is focused on Central and Eastern Europe, excluding Russia and other former Soviet Union countries. Its current assets are located in Poland, Hungary, Slovakia and Romania. In the eleven months to 31 December 2006 Atlas made a loss before taxation of EUR 9.1 mln. At end-June this year Atlas had net assets of EUR 253 mln.