DFI Retail Group sells Robinsons Retail shares back for $362.61m

This represents 22.2% of Robinson Retail’s share.

DFI Retail Group has sold its 315,309,310 common shares in Philippine-headquartered Robinsons Retail Holdings, Inc., back to the company, which represents approximately 22.2% of Robinsons Retail’s outstanding shares.

In a Philippine bourse filing, Robinsons Retail said it had reacquired the shares at $1.15 (Php50) apiece. This totals $362.61m

Following the divestment, DFI Retail Group said it will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities, which include, but not limited to, expanding digital retail media, advancing its own brand innovation, and enhancing omnichannel capabilities across its key markets.