Brief: RiceBran Technologies sells its unit Healthy Natural Inc for $18.3 million
14/07/2017 19:57
July 14 (Reuters) - RiceBran Technologies RIBT.O :
* RiceBran Technologies sells Healthy Natural subsidiary for
$18.3 million in order to focus on building shareholder value
through its ingredient business
* RBT will use a portion of sale proceeds to eliminate
senior debt and subordinated notes with face value totaling
$12.5 million
* Says gain on sale will also increase shareholders'
equity, which totaled $7.9 million on March 31, 2017
* Says has sold its contract manufacturing & packaging unit,
Healthy Natural, Inc., to affiliate of Rosewood Private
Investments
* Have completed sale of Healthy Natural as part of plan to
"improve" shareholder value
Source text for Eikon: ID:nPn9bjN6ha
Further company coverage: RIBT.O
((Bangalore.newsroom@thomsonreuters.com;))
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