Swiss retailer Jelmoli announced on Tuesday that it intends to split the company's real estate and investment businesses into two independently listed companies. Jelmoli said the separation is a result of the company's strategic review announced in December. 'We have undertaken a thorough strategic review of our business and, together with our advisors, have determined what would be in the best interests of the company and the shareholders. The creation of the two companies will allow the two management teams to have the focus, flexibility and suitable capital structure to flourish in their own sectors,' said Jelmoli's chairman Christopher Chambers.
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