Robinsons Retail plans up to $924 mln Philippine IPO

Reuters 19 June 2013
Robinsons Retail Group, which operates supermarkets, hardware and department stores in the Philippines, plans to raise up to $924 million in an initial public offering in Manila, IFR reported on Wednesday, citing a filing for the deal.
The company plans to sell 461.9 million shares at a maximum price of 86.64 pesos each, putting the total deal at 40 billion pesos, said IFR, a Thomson Reuters publication.
Deutsche Bank, JPMorgan and UBS were hired to manage the IPO, it said. (Reporting by S. Anuradha; Writing by Elzio Barreto; Editing by Chris Gallagher)
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