Saku Arena's days numbered
Sep 04, 2003
Baltic Business News
TALLINN - Estonia's two biggest banks said that they would launch bankruptcyproceedings against Saku Arena if their demands to improve the financialhealth of Estonia's most advanced multifunctional entertainment center werenot met by owners.Hansabank and Uhispank are attempting to reclaim 70 million kroons (4.5million euros) that the loaned for the reconstruction of the facility, whichhas reported increasing losses."As of today, Uhispank has not filed a bankruptcy proceeding against SakuArena," ...
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