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Provider: Reuters Investment Profile
Provider: Sadif Analytics (Premium)

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Macintosh Retail Group NV to Divest Halfords

Friday, 28 Jun 2013 01:00am EDT 

Macintosh Retail Group NV announced that it has reached agreement with Peter-Jan Stormmesand, Managing Director of Halfords, on the sale of all the Company's shares in Halfords effective June 30, 2013. Following the acquisition, the Company will finance Halfords' activities in accordance with the usual funding arrangements. Halfords is a Dutch bicycle, car accessories and bicycle accessories company, operating 136 stores in the Netherlands and 2 in Belgium, employing a total of 696 staff. The transaction itself has a neutral effect, from a cash point of view as well as on the net result of the Company. Further details will be announced when the half-year figures are published on July 25, 2013. 

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22 Aug 2014