Brief: Redan Starts Review Of Strategic Options

Redan SA W Likwidacji

04/02/2019 06:29

Feb 4 (Reuters) - Redan SA  RDNP.WA :
    * SAID ON FRIDAY THAT IT HAS DECIDED TO START REVIEW OF
STRATEGIC
OPTIONS
    * SAID THAT MAIN REASON FOR THE REVIEW IS THE NEED TO
PROVIDE
FINANCING FOR THE FASHION SEGMENT, WHICH IS DIFFICULT WHEN ITS
CONSOLIDATED RESULTS ARE BURDENED WITH TXM SA'S RESULTS
    * SAID THAT AT THIS STAGE IT WILL CONSIDER MAKING CHANGES TO
ITS
BALANCE STRUCTURE, SUCH AS EXCLUDING ALL OR PART OF THE DISCOUNT
SEGMENT CONCENTRATED IN ITS SUBSIDIARY TXM SA (ALSO BY SALE OR
SPIN OFF)

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6p0N51a
    
 Further company coverage:  RDNP.WA