RETAIL HOLDINGS N.V. COMPLETES SALE OF AFFILIATE

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.

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.

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SOURCE Retail Holdings N.V.