Brief: RNB To Sell Departments & Stores Operations To NK

Coala-Life AB (publ)

27/01/2021 08:07

Jan 27 (Reuters) - Rnb Retail and Brands AB (publ)
 RNBS.ST :
    * RNB TO SELL DEPARTMENTS & STORES OPERATIONS TO NK
    * REACHED AN AGREEMENT WITH NK RETAIL AB FOR SALE OF ASSETS
OF
DEPARTMENTS & STORES FOR A PRELIMINARY VALUE OF SEK 58 MILLION.
    * DEAL IS EXPECTED TO CLOSE FEBRUARY 3, 2021, AND IS SUBJECT
TO
FINAL FORMAL APPROVAL FROM CERTAIN BONDHOLDERS

Source text for Eikon:  ID:nWkrc61PqH 
Further company coverage:  RNBS.ST 

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