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WILLEMSTAD, Curaçao, Dec. 15, 2020 /PRNewswire/ -- Retail Holdings N.V. (Symbol: RHDGF) -- Retail Holdings N.V. ("Retail Holdings", together with its subsidiaries and affiliates, the "Company"), announced that its indirect owned subsidiary, Retail Holdings Asia B.V., has entered into an agreement to sell approximately 42.4% of its equity interest in that company's subsidiary, Retail Holdings (India) B.V. ("India B.V."), to an international private investor (the "Investor"). India B.V.'s assets include an approximately 59.0% equity stake in Singer India Limited ("Singer India"). The remaining approximately 41.0% of Singer India is publicly owned. The transaction is anticipated to close before year end.