Brief: Stockmann Investigates Alternatives For Department Stores Biz, Mulls Name Change

Lindex Oyj

25/09/2023 06:37

Sept 25 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * STOCKMANN COMMENCES A STRATEGIC ASSESSMENT; CONSIDERS CHANGING THE GROUP'S NAME TO LINDEX
GROUP
AND INVESTIGATES STRATEGIC ALTERNATIVES FOR THE DEPARTMENT STORES BUSINESS
    * DECIDED TO INITIATE A STRATEGIC ASSESSMENT TO CRYSTALLISE SHAREHOLDER VALUE BY REFOCUSING
GROUP'S BUSINESS ON LINDEX
    * IS CONSIDERING A NAME CHANGE TO LINDEX GROUP AND WILL INVESTIGATE STRATEGIC ALTERNATIVES
FOR
STOCKMANN DEPARTMENT STORES BUSINESS.
    * THIS POSSIBLE NAME CHANGE WOULD NOT IMPACT STOCKMANN DEPARTMENT STORES, WHICH WOULD
CONTINUE TO
OPERATE UNDER STOCKMANN BRAND
    * EXPECTS STRATEGIC ASSESSMENT TO BE FINALISED DURING 2024
    * POSSIBLE NAME CHANGE WOULD BETTER REFLECT LINDEX DIVISION'S ROLE IN GROUP'S BUSINESS

Source text for Eikon:  ID:nWkr4lM8Jd 
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