Elbit Imaging Announces Completing the Sale of Plots in Timisoara and Constanta, Romania, by its Subsidiary, Plaza Centers

TEL AVIV, ISRAEL / ACCESSWIRE / August 7, 2017 / Elbit Imaging Ltd. ("EI" or the "Company") (EMITFEMITF announced today, that Plaza Centers N.V. ("Plaza") PLAZ, an indirect subsidiary of the Company, has completed the sale of a plot totaling approximately 32,000 sqm in Timisoara, Romania, for Euro7.25 million and a plot totaling approximately 30,000 sqm in Constanta, Romania, for Euro1.3 million.

About Elbit Imaging Ltd.

Elbit Imaging Ltd. operates in the following principal fields of business: (i) Commercial centers - initiation, construction, and sale of commercial centers and other mixed-use property projects, predominantly in the retail sector, located in Central and Eastern Europe. In certain circumstances and depending on market conditions, the Group operates and manages commercial centers prior to their sale. (ii) Hotel - operation and management of the Radisson hotel complex in Bucharest, Romania. (iii) Medical industries and devices - (a) research and development, production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment, and (b) development of stem cell population expansion technologies and stem cell therapy products for transplantation and regenerative medicine. (iv) Plots in India - plots designated for sale initially designated to residential projects.

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Company Contact

Ron Hadassi
Chairman of the Board of Directors
Tel: +972-3-608-6048
Fax: +972-3-608-6050
ron@elbitimaging.com

SOURCE: Elbit Imaging Ltd.