Plaza Centers creditors approve plan; court hearing set for July 8

By Caroline Salls

Pittsburgh, June 26 – Elbit Imaging Ltd. subsidiary Plaza Centers NV’s amended restructuring plan was approved by creditors, with 92% voting in favor of the plan, according to a news release.

The plan was filed with the District Court of Amsterdam on May 27.

In light of the consent of creditor substantially exceeding the required simple majority for approval, the court scheduled a July 8 plan confirmation hearing.

Plaza Centers, a subsidiary of Tel Aviv-based Elbit Imaging Ltd., is a developer of shopping and entertainment centers in Central and Eastern Europe, India and the United States.

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