Brief: RnB To Reduce Operations In Parent Company, CEO Resigns

Coala-Life AB (publ)

21/11/2018 15:17

Nov 21 (Reuters) - Rnb Retail and Brands AB (publ)
 RNBS.ST :
    * BOARD OF DIRECTORS PROPOSES NEW GROUP STRUCTURE
    * CEO MAGNUS HÅKANSSON LEAVES HIS CURRENT ROLE IN DECEMBER
2019.
    * RNB RETAIL AND BRANDS - WORK ON SEPARATION AND TRANSFER OF
GROUP-WIDE FUNCTIONS TO OPERATING SUBSIDIARIES ARE INTENDED TO
BEGIN IMMEDIATELY
    * REMAINING OPERATIONS IN PARENT COMPANY WILL BE MINIMIZED
    * RATIONALIZATION POTENTIAL IS ESTIMATED AT OVER SEK 15
MILLION
PER YEAR
    * INTENDS TO START WORK WITH IDENTIFYING AND ANALYZING
STRATEGIC
OPTIONS FOR OPERATIONS OF GROUP
    * POSSIBLE SALES OF ONE OR MORE OF OPERATING SUBSIDIARIES

Source text for Eikon:  ID:nWkr6m7KF9 
Further company coverage:  RNBS.ST 

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