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Drakopoulos Advises Yalco on Sale of Romanian Subsidiary

Drakopoulos Advises Yalco on Sale of Romanian Subsidiary

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Drakopoulos has advised Yalco, a major Greek distributor of household goods and hotel equipment listed on the Athens Stock Exchange, on the EUR 1.9 million sale of its 100% Romanian subsidiary to a Cypriot purchaser.

The transaction, according to Drakopoulos, "was in line with the Yalco's intention to restructure its debt through exiting the Romanian market" and "focus on its core activities in Greece."

The deal was entirely coordinated by Drakopoulos — with a team led by Partner Panagiotis Drakopoulos — in both Greece and Romania.

Drakopoulos explained that it was not authorized to identify the buyers or their counsel on the deal.

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