The Annual General Meeting of Shareholders (hereinafter, the Meeting) of City Service SE (Societas Europaea), corporate ID code: 12827710, registered address: Narva mnt 5, Tallinn, Harju county, 10117, the Republic of Estonia (hereinafter, the Company), is convened by the Management Board of the Company.
City Service recommenced investing in Spain by procuring Jenasa, the company, providing administration services to Madrid’s apartment building owners’ communities. The investment amounted to one million euros.
The Supervisory Board of City Service SE elected Ignas Krasauskas as a new Management Board member.
On April 21 City Service SE received a notice from Vilnius County Court that Vilnius City municipality’s administration and General Procurator‘s office submitted a lawsuit against the Company on recovery of losses. The lawsuit brings unfounded allegations that Vilnius City municipality might have suffered losses arising from public procurement agreements concluded in years 2002 and 2010 between Vilnius City municipality and the Company. The quantum of the lawsuit is EUR 20.6 million.
City Service continues to grow in residential facility management market in Spain. The Company has acquired two contract portfolios in Madrid and in city‘s region.