Romanian Teraplast Sells Ceramic Tile Business For EUR1M
Romanian construction materials maker Teraplast (TRP.RO) Wednesday said it has sold its ceramic tile business to Teracota Bistrita, for EUR1 million.
The transaction includes all assets, equipment and plot linked to the ceramic tile segment.
“The sale or outsourcing of activities adjacent to Teraplast’s core business is part of the efficiency strategy,” said Stefan Bucataru, the company’s general manager.
Payment will be performed in two installments. The first payment, worth EUR105,000, will be transferred by January 15, 2012, while the second payment, worth EUR900,000, will be delivered in 60 monthly transfers worth EUR15,000.
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