Robinsons Retail Holdings, Inc. acquired a 4.4% stake in Arran Investment Pte Ltd from Arran Investment Pte Ltd.
January 05, 2023
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Robinsons Retail Holdings, Inc. (PSE:RRHI) acquired a 4.4% stake in Arran Investment Pte Ltd from Arran Investment Pte Ltd on January 5, 2023. Under the terms, acquisition will be through Redeemable Preferred Shares. Post acquisition, Robinsons Retail will hold 6% of the resulting outstanding capital stock of BPI (3.6% for JG Capital and 2.4% for Robinsons Retail, which represent their respective equity interest of 60% and 40% in Robinsons Bank. Transaction has been approved by Robinsons Retail's board of directors. Credit Suisse served as the adviser to GIC in this transaction.
Robinsons Retail Holdings, Inc. (PSE:RRHI) completed the acquisition of a 4.4% stake in Arran Investment Pte Ltd from Arran Investment Pte Ltd on January 5, 2023.
Robinsons Retail Holdings, Inc. is a Philippines-based multiformat retailer. The Company's divisions include Supermarket, Department Store, Do-It-Yourself (DIY), Convenience Store, Drug Store and Specialty Store. The Supermarket division operates under five formats: Robinsons Supermarket, Robinsons Easymart, The Marketplace, Shopwise and No Brand. The Department Store division includes Robinsons Department Store, which offers local and international brands that are grouped into categories, such as shoes, bags and accessories (including beauty and personal care), ladies' and men's wear, children's wear, household items and others. The DIY division includes brands, such as Handyman Do it Best, True Value and True Home. The Convenience Store division operates Uncle John's, which is a 24-hour convenience store chain. The Drug Store division operates three formats: South Star Drug, Rose Pharmacy and TGP. The Specialty Store division is the lifestyle arm of the Company.
ROBINSONS RETAIL HOLDINGS, INC. 
