SINGAPORE, Jan 20 (Reuters) - A subsidiary of Dubai-based
Al-Futtaim Group said on Sunday that it has offered to buy all
shares in Singapore-listed Robinson & Co Ltd (RBSS.SI: Quote,
Profile, Research), valuing the retailer at about S$537.1 million
($374 million).
ALF Global, wholly-owned by Al-Futtaim, in a declaration to the
Singapore Exchange (www.sgx.com) said it would buy all shares in
Robinson, which operates the Robinsons, John Little and Marks &
Spencer stores in Singapore and Malaysia, at S$6.25 a share.
Standard Chartered Bank is advising ALF Global. (Reporting by Ovais
Subhani, editing by Elizabeth Fullerton)
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSSIN10223420080120