RETAIL HOLDINGS N.V. COMPLETES SALE OF AFFILIATE

(High)

(Neutral)

Rhea-AI Summary

Retail Holdings N.V. (RHDGF) has successfully completed the sale of shares in its indirect affiliate, Retail Holdings (India) B.V., to two UK private equity investors. The transaction is valued at approximately $5.0 million, with around 54.10% of this amount benefiting Retail Holdings shareholders. This sale marks a significant financial advancement for the company, helping to improve its liquidity and investment capacity.

Positive

Successfully closed sale of affiliate for approximately $5.0 million.
54.10% of sale proceeds attributable to Retail Holdings shareholders.

Negative

None.

News Market Reaction – RHDGF

-0.37%

-0.37% Session move

In the trading session that priced this news, RHDGF declined 0.37%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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12/23/2021 - 11:26 AM

WILLEMSTAD, Curaçao, Dec. 23, 2021 /PRNewswire/ -- Retail Holdings N.V. (Symbol: RHDGF) -- Retail Holdings N.V. announced today that the previously disclosed sale of shares in its indirect affiliate, Retail Holdings (India) B.V., to two UK private equity investors, has successfully closed. The consideration to be received is approximately $5.0 million. Approximately 54.10% of this amount is attributable to the Retail Holdings shareholders.

Please see the press release on this subject, dated December 20, 2021, for additional details.

View original content:https://www.prnewswire.com/news-releases/retail-holdings-nv-completes-sale-of-affiliate-301450472.html