Brief: Highco Sells In-Store Businesses In Benelux And Accelerates Digital Transformation

High SA

02/11/2020 06:43

Nov 2 (Reuters) - HIGH CO SA  HIGH.PA :
    * SELLS ITS IN-STORE BUSINESSES IN BENELUX AND ACCELERATES
ITS
DIGITAL TRANSFORMATION
    * DEAL HAS JUST CLOSED TO SELL ALL SHARES IN HIGHCO SHELF
SERVICE
SA ("SHELF SERVICE"), WHICH OPERATES IN BELGIUM, AND ITS
SUBSIDIARY IN LUXEMBOURG
    * DEAL PRIMARILY INVOLVES "PAPER-BASED" IN-STORE BUSINESSES
    * SALE OF SHELF SERVICE WILL THEREFORE PROVIDE OPPORTUNITY
TO
DIVEST A SUBSIDIARY WHOSE BUSINESS HAS BEEN ON A STRUCTURAL
DECLINE AND WHOSE PROFITABILITY HAS DROPPED SIGNIFICANTLY OVER
PAST SEVERAL YEARS

Source text for Eikon:  ID:nGNE1TNYg8 
Further company coverage:  HIGH.PA 

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