Romania's TeraPlast gets nod to sell window profiles busines

Romania's TeraPlast gets nod to sell window profiles business to Dynamic Selling Group


Romania's TeraPlast gets nod to sell window profiles business to Dynamic Selling Group
Teraplast factory, Romania Author (Teraplast.ro) License: all rights reserved.
BUCHAREST (Romania) February 10 (SeeNews) - Romanian manufacturer of PVC pipes and fittings TeraPlast [BSE:TRP] said on Wednesday it has received the green light from the  competition authority to sell its window profiles business to local sector player Dynamic Selling Group.
The actual transfer of ownership rights will take place on March 15, TeraPlast said in a statement filed with the Bucharest Stock Exchange.
On the same date, the estimated price of 4.5 million euro ($5.47 million) shall be adjusted in accordance with the working capital, TeraPlast added.

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