Swedish Competition Authority requires prolonged investigation
(Thomson Reuters ONE) - As earlier communicated in a press release dated March 25, 2009, RNBRETAIL AND BRANDS has entered into an agreement with ÿhléns AB todivest RNB's stores at NK Stockholm and NK Gothenburg. The divestmentis conditional upon approval of the Swedish Competition Authority andapproval by an Extraordinary General Meeting of RNB shareholders,which was given on April 15, 2009.The Competition Authority on June 2, 2009 decided to implement aspecial investigation prior to making its final decision concerningapproval of the acquisition. It was estimated that the specialinvestigation was to be completed no later than at the beginning ofSeptember 2009.The Swedish Competition Authority has today submitted an applicationto the District Court requesting an extension until October 1, 2009concerning its opinion on ÿhléns AB's offer for RNB's operations atNK in Stockholm and Gothenburg. ÿhléns AB and RNB RETAIL AND BRANDShave consented to the extension.The District Court is expected to grant its formal approval of theextended period within the next few days.For further information, contact:Cecilia Lannebo, IR, RNB RETAIL AND BRANDS +46 (0) 8-410 520 45,+46768 87 20 45, e-mail: cecilia.lannebo(at)rnb.seRNB RETAIL AND BRANDS AB is organized on the basis of two businessareas - Polarn O. Pyret and a distribution platform for national andinternational brands. Polarn O. Pyret is a brand focused on baby andchildren's wear. The distribution platform consists of two mainareas, Department Stores and Store Concepts. Department storeoperations are conducted via stores in the NK, Steen & Ström, Illumand Kosta outlet department stores. The store concepts comprise JC,Brothers and Sisters.http://hugin.info/132993/R/1337274/318606.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.08.2009 - 16:15 Uhr
Sprache: Deutsch
News-ID 5120
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 352 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Swedish Competition Authority requires prolonged investigation"
steht unter der journalistisch-redaktionellen Verantwortung von
RNB Retail and Brands AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
