Following this divestment,the group will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities which include expanding digital retail media, advancing own brand innovation, and enhancing omnichannel capabilities across its key markets.
DFI Retail Group Holdings divests its stake in Robinsons Retail Holdings worth 315.31 million common shares, about 22.2% of the company’s outstanding shares.
The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market conditions and strategic considerations.
