RioCan seeks court-appointed receiver for joint venture with struggling Hudson's Bay. RioCan busca un administrador designado por la corte para una empresa conjunta con Hudson's Bay.

RioCan Real Estate Investment Trust has asked the Ontario Superior Court to appoint a receiver for its joint venture with Hudson's Bay, which involves 12 leased properties. RioCan Real Estate Investment Trust ha pedido a la Corte Superior de Ontario que designe un administrador para su empresa conjunta con Hudson's Bay, que incluye 12 propiedades arrendadas. RioCan believes this will protect stakeholders and maximize value, as efforts to find buyers for Hudson's Bay's leases have failed. RioCan cree que esto protegerá a las partes interesadas y maximizará el valor, ya que los esfuerzos para encontrar compradores para los contratos de arrendamiento de Hudson's Bay han fracasado. The move follows Hudson's Bay's financial struggles and its filing for creditor protection. El movimiento sigue a las luchas financieras de la Bahía de Hudson y su solicitud de protección de acreedores.