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Plaza Centers appoints acting CEO

Shopping center real estate company Plaza Centers NV appointed Avi Hakhamov as acting CEO of the company, effective April 1.

Hakhamov has been acting CFO of the company for the past two years and takes over from Dori Keren, who will step down at the end of March.

In addition, the company's jointly controlled unit signed an amended agreement for the disposal of a site in Bangalore, India, for a revised figure of 3.38 billion Indian rupees instead of the previously agreed price of 3.21 billion rupees.

As of March 28, 2018, US$1 was equivalent to 65.16 Indian rupees.