Alco Hellas sets up subsidiary in the US

Alco Hellas ABEE on Wednesday announced the purchase of a 100 pct of shares in RPVAS Energy for 1,000 euros and the set up of a subsidiary company in the United States, under the name of Alco USA Inc., with an equity capital of 100,000 US dollars.

Alco said the transaction did not have any impact on the equity capital and sales of the group.