Marcel Boekhoorn converts HEMA’s debt into Shares. Marcel Boekhoorn and his investment company Ramphastos Investments reduced HEMA’s debt by 88 million pounds by converting the loans into shares.
Ramphastos announces that the measure fits in with the previously announced strategy to reduce HEMA’s debt.
The investor obtained the debt together with the purchase of the department store chain itself.
On 28 January 2018, HEMA still had a debt of around 641 million pounds.
HEMA had borrowed that amount from the previous owner Lion Capital.
Boekhoorn bets on various measures to reduce the debt.
The sale of the HEMA bakeries is also being looked at to reduce the deficit further.