PropertyEU

Rinascente owners close operational sale to Thailand's Central Retail

By A staff reporter 2011-07-28T00:00:00

Shareholders in the Italian department store group Rinascente on Thursday finalised the sale of the operational business to Centrail Retail Corporation (CRC), Thailand's largest retail group. The transaction price amounted to EUR 205 mln in cash and the assumption of EUR 55 mln in debt.

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