October 12, 2016 / 3:07 PM / a year ago

BRIEF-YALCO sells YALCO Romania Srl

Oct 12 (Reuters) - Yalco Constantinou SA :

* 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: ($1 = 0.8928 euros) (Gdynia Newsroom)

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