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TEL AVIV, Israel, Nov. 30 /PRNewswire-FirstCall/ -- Elbit Medical ImagingLtd. (Nasdaq: EMITF) (the "Company" or "EMI") announces today that itssubsidiary, Plaza Centers N.V. ("PC") has announced the acquisition of a 75%interest in a company which has entered into a public-private partnershipagreement with the Government of Romania to develop the approximatelyUS$1 billion Casa Radio (Dambovica) scheme in Bucharest, the largestdevelopment plot available in the city centre. The Romanian Government willremain a 15% partner in the scheme.
The acquisition, which was described in the PC's IPO prospectus, is a further demonstration of PC's leading position in the CEE region.
The Casa Radio development sits on a 9.195 hectare (22.7 acre) site located in central Bucharest, incorporating a large area of the Bucharest city centre. Gara de Nord, the city's main railway station is nearby as well as the adjacent Eroilor Metro Station and a number of trolley bus...