Reuters
20th Jan 2008
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
