RNB TO SELL DEPARTMENTS & STORES OPERATIONS TO NK
RNB Retail and Brands AB (publ) today announces that it has reached an agreement with NK Retail AB for the sale of the assets of Departments & Stores for a preliminary value of SEK 58 million. RNB Retail and Brands AB has previously announced a process to separate the group subsidiaries and ultimately divest the subsidiaries to stable and suitable owners. One such process has now reached an important milestone with the agreement to divest the assets of Departments & Stores to NK Retail AB. As part of the agreement, all Departments & Stores employees are offered employment with NK Retail