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Rnb Retail and Brands AB Divests Kosta Outlet Mode AB


Friday, 31 May 2013 02:15am EDT 

Rnb Retail and Brands AB announced that it has entered into an agreement to sell the operations of subsidiary Kosta Outlet Mode AB to the Norwegian retail company Airport Retail Group AS. The transaction closes on June 1, 2013. Kosta Outlet Mode is a part of the business area Departments & Stores within the RNB Group. The transaction will have a positive liquidity effect of approximately SEK 10 million and will impact cash flow positively in the third and fourth quarter of 2013. 

Company Quote

16.3
-0.7 -4.12%
27 Mar 2015