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RNB completes divestment of Polarn O. Pyret
21 days ago - By Fashion United
RNB Retail and Brands AB has closed the divestment of Polarn O. Pyret, announced on March 10, 2021. The company said in a release that the transaction has now been approved by the company's bondholders and the Swedish Competition Authority. The buyer is the private equity investor Procuritas.
The company added that following a 40 million Swedish krona dividend from Polarn O. Pyret to RNB Retail and Brands, the preliminary purchase price equals 353 million Swedish krona. The payment from Procuritas will be made in two parts; 233 million Swedish krona initially in cash and the remaining 120...
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