Brief: YALCO sells YALCO Romania Srl

Yalco Constantinou SA

12/10/2016 15:56

Oct 12 (Reuters) - Yalco Constantinou SA  YAL.AT : 
    * Sells 100 percent of its unit YALCO Romania Srl 
    * Enterprise value of unit is estimated at 1.9 million euros 
($2.13 million) 
    * From the 1.9 million euros, YALCO Constantinou will 
receive 300,000 euros, whereas buyer assumes the obligation to 
pay off 1.6 million euros debt of unit 
    * Completion of transaction is expected to be completed in 
Q4 
 
 
Further company coverage:  YAL.AT  
 
($1 = 0.8928 euros) 
 
 (Gdynia Newsroom) 
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