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Deal snapshot: RETAIL HOLDINGS SELLS SINGER THAILAND STAKE FOR USD 44.8M.

MANews-(C)2009-2015

Curacao-based investment company Retail Holdings N.V. (Symbol: RHDGF) has sold, through the Stock Exchange of Thailand, its entire 40% equity stake in the company's subsidiary, Singer Thailand Public Co. Ltd., for approximately USD 44.8m, the company said. Singer Thailand will continue to have a royalty bearing license from the company to use the Singer brand. This is equivalent to USD 2.57 per share and USD 4.44 per share, respectively.

Country: Thailand

Sector: Machinery/Engineering

Target: Singer Thailand Public Co. Ltd

Buyer:

Vendor: Retail Holdings N.V.

Deal size in USD: 44.8m

Type: Divestment

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Jun 9, 2015
Words:108
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