RNB TO SELL POLARN O. PYRET TO PROCURITAS
RNB Retail and Brands AB (publ) has today reached an agreement to sell Polarn O. Pyret to Procuritas for a preliminary value of SEK 330 million on a cash and debt-free basis. 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. After the divestment of the business of Departments & Stores earlier this year, one such process has now reached an important milestone with the agreement to divest the assets of Polarn O. Pyret to Procuritas Fund VI. The preliminary purchase price