Edition:
United Kingdom

Dairy Farm International Holdings Announces Partnership With Robinsons Retail Holdings


Friday, 23 Mar 2018 

March 23 (Reuters) - Dairy Farm International Holdings Ltd ::TO PARTNER WITH ROBINSONS RETAIL HOLDINGS (RRHI) TO BUILD A FOOD RETAIL BUSINESS IN PHILIPPINES​.TO EXCHANGE INTEREST IN RSCI FOR NEW SHARES IN RRHI REPRESENTING 12.15% OF ITS ENLARGED SHARE CAPITAL AT ABOUT US$346 MILLION.TO ALSO ACQUIRE A FURTHER 6.1% INTEREST OF ENLARGED SHARE CAPITAL FROM EXISTING CONTROLLING SHAREHOLDERS AT US$174 MILLION.DAIRY FARM EXPECTS TO FUND INVESTMENT THROUGH A COMBINATION OF EXISTING CASH AND BORROWINGS.