RNB´s Extraordinary Shareholders Meeting approved the divestment of operations at NK in Stockholm and NK in Gothenburg

RNB’s Extraordinary Shareholders Meeting today approved the Board of Directors decision resolved on March 24, 2009 regarding the divestment of its wholly owned subsidiary Departments & Stores Europe AB with department store operation at NK in Stockholm and NK in Gothenburg. The purchaser, following a structured sales process, is Åhléns AB. The purchase consideration amounts to SEK 440 M on a debt-free basis.

The divestment is conditional upon approval of the Swedish Competition Authority (Sw. Konkurrensverket).


For further information, contact:

Cecilia Lannebo, IR, RNB RETAIL AND BRANDS
+46 (0) 8-410 520 45,+46 768 87 20 45, e-mail: cecilia.lannebo@rnb.se